Sunday, 22 November 2009 | 12:00 UAE time
COMPANIES
ALDAR Properties
- 5.35 Last
- -0.20 (-3.60%) Today's Change
- 1.94m Volume
- 1.98-6.52 52 Week Range
- +0.30 (+5.94%) 52 Week Change
COMPANY DESCRIPTION
Abu Dhabi’s largest developer, Aldar is building the Yas Marina F1 circuit on the $40bn Yas Island, a billion dollar mega-development which will become a key tourist and entertainment destination in the UAE’s capital.The property giant is behind a clutch of other big projects in Abu Dhabi including the 570 -hectare village community, Al Raha Beach and the $30bn Reem island, another ambitious development on a natural island 600m out to sea from the city.
In January, the group posted an 84.9 percent fall in fourth quarter profit to around $21.8m because of lower sales. Overall, full year profit in 2008 rose 77.3 percent to $936m, compared to $528m in 2007.
Aldar has $3.29bn in cash and $2.98bn in undrawn credit lines, the company said in its 2008 full year statement, making the real estate giant well positioned to meet its financing obligations this year.
KEY INFORMATION
Industry
Landlord and Developers
Address
Emirates Post Building, Al Najda Street, 51133, Abu Dhabi, UAE
T
971 2 6964444
F
971 2 6417501
E
W
COMPANY OVERVIEW
| Ownership | Type | Established on | Employees |
|---|---|---|---|
| Public | Joint stock | 12 October 2004 | - |
MAJOR SHAREHOLDERS
| Name | Country | ||
|---|---|---|---|
| Abu Dhabi National Hotels | companies | UAE | |
| Abu Dhabi Commercial Bank | companies | 2 | UAE |
| National Corporation for Tourism and Hotels | companies | UAE | |
| Invest AD | companies | UAE | |
| The National Investor | companies | UAE | |
| Government of Abu Dhabi | companies | UAE | |
| HSBC Bank Middle East | companies | 5.24 | UAE |
| Mubadala Development Company | companies | 15.8 | UAE |
PORTFOLIO
| Name | Country |
|---|---|
| A and T Cool | UAE |
| Abu Dhabi Motor Sports Management | UAE |
| Al Jimi Mall | UAE |
| Al Raha Gardens Property | UAE |
| ALDAR Academies | UAE |
| ALDAR Hotels and Hospitality | UAE |
| ALDAR Laing O'Rourke Construction | UAE |
| Aseel Finance | UAE |
| Imperial College London Diabetes Centre | UAE |
| Green Emirates Properties | UAE |
| ALDAR Marinas | UAE |
| Abu Dhabi Finance | UAE |
OFFICERS
| BOARD OF DIRECTORS | Position |
|---|---|
| Ahmed Ali Al Sayegh | Chairman |
| Nasser Ahmed Khalifa Al Suwaidi | Board Member |
| Khaldoon Khalifa Al Mubarak | Board Member |
| Salem Bin Mohamed Bin Salem Al Dhaheri | Board Member |
| Khalifa Nasser Bin Huwaileel Al Mansoori | Board Member |
| Abdullah Khalfan Al Rumaithi | Board Member |
| Mubarak Mattar Mubarak Al Humairi | Board Member |
| Ronald Stephen Barrott | Member |
| MANAGEMENT | Position |
| John Bullough | Chief Executive Officer |
| Abdulla Zamzam | Chief Corporate Support Officer |
| Shafqat Ali Malik | Chief Financial Officer |
| Richard Gray | Chief Legal Officer |
| Mohammed Al Mubarak | Director of Estates and Infrastructure |
| Israr Liaqat | Director - Corporate Finance |
| Sami Asad | Chief Operating Officer |
| ADVISORS | Position |
| Ronald Stephen Barrott | Advisor to the Chairman |
MOST POPULAR NEWS STORIES
LATEST FINANCIAL JOBS
- Banks Analyst, Dubai, UAE
- Internal Audit Manager, Abu Dhabi, UAE
- Market Risk Oficer, Dubai, UAE
- Product Manager, Dubai, UAE
- Project Finance Manager, Abu Dhabi, UAE
Information correct at the time of publishing. If you are a representative of this company and want to update the details, please email updated information to financials@itp.com providing your name, designation and contact details.
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