Aldar issues 16.4mn extra shares

by Daliah Merzaban Thursday, 27 December 2007

Aldar Properties, the second-biggest UAE developer by market value, issued 16.4 million shares on Thursday from convertible bonds it sold earlier this year, the Abu Dhabi bourse said.

Related Stories

Aldar has until January 3 to issue another 13.97 million shares, the bourse said in a statement on its website on Thursday.
In February, Aldar sold $2.53 billion worth of Islamic bonds, or sukuk, convertible into shares to raise money for expansion.

Aldar shares were down 3.95% at 0803 GMT. (Reuters)



Search Property (3074 listed)



Enter a Development, City, Real Estate Agent or Developer name
Property Type
Added to Site
Price Range
to
Bedrooms
Area (in sqft)
to
to

Quick Links(Residental)