Monday, 01 December 2008 | 23:30 UAE time
COMPANIES
ALDAR Properties
- 5.40 Last
- -0.09 (-1.64%) Today's Change
- 5.34m Volume
- 4.30-13.55 52 Week Range
- -5.05 (-48.33%) 52 Week Change
COMPANY DESCRIPTION
ALDAR Properties is Abu Dhabi's largest property developer and is owned by government institutions, founder shareholders and over 20,616 investors throughout the UAE. Its corporate shareholders include Mubadala Development Company, Abu Dhabi Investment Company, Abu Dhabi National Hotels Company, National Corporation for Tourism & Hotels, and National Investor.The developer has been recognized for projects such as Al Raha Gardens, Yas Island, Al Gurm Resort and the Abu Dhabi Central Market. ALDAR is also the main builder for the upcoming Ferrari theme park in the UAE. It is also building the beachfront Al Raha Beach project that will eventually be home to some 120,000 residents. The development consists of 11 precincts, each with their own distinct personalities and appeal.
Recently, the company announced plans to build projects worth USD 72 billion over the next 15 to 20 years. The state-owned controlled company is also developing projects in Malaysia, Kazakhstan, and eyeing acquisitions in the US and Europe.
Like Emaar, Aldar has been pushing into new regional markets and is now active in North Africa where it is investing heavily in major residential based developments.
KEY INFORMATION
Industry
Healthcare Services, Landlord and Developers, Shopping Malls
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 Oct 2004 | - |
MAJOR SHAREHOLDERS
| Name | Country |
|---|---|
| Abu Dhabi Commercial Bank | UAE |
| Abu Dhabi Investment Company | UAE |
| Abu Dhabi National Hotels Company | UAE |
| Government of Abu Dhabi | UAE |
| HSBC Bank | UAE |
| Mubadala Development Company | UAE |
| National Corporation for Tourism & Hotels | UAE |
| National Investor | UAE |
PORTFOLIO
| Name | Country |
|---|---|
| A&T Cool | UAE |
| Abu Dhabi Motor Sports Management | UAE |
| Al Jimi Mall | UAE |
| Al Maabar Investments | UAE |
| Al Raha Gardens Property | UAE |
| Al Raha Infrastructure Company | UAE |
| ALDAR Academies | UAE |
| ALDAR Commercial Property Developments | UAE |
| ALDAR Facilities Management | UAE |
| ALDAR Hotels and Hospitality | UAE |
| ALDAR Laing O'Rourke Construction | UAE |
| ALDAR Readymix | UAE |
| ALDAR Real Estate Services | UAE |
| Aseel Finance | UAE |
| Coconut Island Development Company | UAE |
| Dimarco | UAE |
| Fadar Retail | UAE |
| Green Emirates Properties | UAE |
| Imperial College London Diabetes Center | UAE |
| Inshaa Properties | UAE |
| Royal House | UAE |
OFFICERS
| BOARD OF DIRECTORS | Position |
|---|---|
| HE Ahmed Ali Al Sayegh | Chairman |
| Nasser Ahmed Al Suwaidi | Board Member |
| Khaldoon Khalifa Al Mubarak | Board Member |
| Salem Mohamed Al Dhaheri | Board Member |
| Mubarak Matar Al Hameeri | Board Member |
| Khalifa Nasser Al Mansoori | Board Member |
| Abdullah Khalfan Al Rumaithi | Board Member |
| MANAGEMENT | Position |
| Ronald Stephen Barrott | Chief Executive Officer |
| John Bullough | Chief Operating Officer |
| Abdulla Zamzam | Chief Corporate Support Officer |
| Shafqat Malik | Chief Financial Officer |
| Richard Gray | Chief Legal Officer |
| Mohammed Al Mubarak | Director of Estates & Infrastructure |
| Israr Liaqat | Director - Corporate Finance |
MOST POPULAR NEWS STORIES
LATEST FINANCIAL JOBS
- UAE Reinsurance Manager, Dubai, UAE
- UAE Internal Insurance Consultant, Dubai, UAE
- UAE Insurance Employee Benefits Sales Broker, Dubai, UAE
- UAE Head of Insurance Brokering, Dubai, UAE
- UAE Assistant Branch Manager, Dubai, 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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