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Sunday, 22 November 2009 | 12:00 UAE time

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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
As of 22 Nov 2009 07:43 GMT (Market Open)

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

info@aldar.com

W

www.aldar.com

COMPANY OVERVIEW

Ownership Type Established on Employees
Public Joint stock 12 October 2004 -

MAJOR SHAREHOLDERS

NameCountry
Abu Dhabi National HotelscompaniesUAE
Abu Dhabi Commercial Bankcompanies2UAE
National Corporation for Tourism and HotelscompaniesUAE
Invest ADcompaniesUAE
The National InvestorcompaniesUAE
Government of Abu DhabicompaniesUAE
HSBC Bank Middle Eastcompanies5.24UAE
Mubadala Development Companycompanies15.8UAE

PORTFOLIO

NameCountry
A and T CoolUAE
Abu Dhabi Motor Sports ManagementUAE
Al Jimi MallUAE
Al Raha Gardens PropertyUAE
ALDAR AcademiesUAE
ALDAR Hotels and HospitalityUAE
ALDAR Laing O'Rourke ConstructionUAE
Aseel FinanceUAE
Imperial College London Diabetes CentreUAE
Green Emirates PropertiesUAE
ALDAR MarinasUAE
Abu Dhabi FinanceUAE

OFFICERS

BOARD OF DIRECTORSPosition
Ahmed Ali Al SayeghChairman
Nasser Ahmed Khalifa Al SuwaidiBoard Member
Khaldoon Khalifa Al MubarakBoard Member
Salem Bin Mohamed Bin Salem Al DhaheriBoard Member
Khalifa Nasser Bin Huwaileel Al MansooriBoard Member
Abdullah Khalfan Al RumaithiBoard Member
Mubarak Mattar Mubarak Al HumairiBoard Member
Ronald Stephen BarrottMember
MANAGEMENTPosition
John Bullough Chief Executive Officer
Abdulla ZamzamChief Corporate Support Officer
Shafqat Ali MalikChief Financial Officer
Richard GrayChief Legal Officer
Mohammed Al MubarakDirector of Estates and Infrastructure
Israr LiaqatDirector - Corporate Finance
Sami AsadChief Operating Officer
ADVISORSPosition
Ronald Stephen BarrottAdvisor to the Chairman

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