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24 September 02:45 AM

Aldar Properties PJSC (ALDARF-0925)

Last update: 22 September 12:06 PM market time.
9.68
0.06
0.57%
Open 9.68
Previous Close 9.62
High 9.68
Low 9.68
Stock Statistics
Volume 35
Turnover 338.80
All data are 15 minutes late during market session

News

Photo Archive
16 December 2021 02:36 PM Aldar-ADQ consortium completes acquisition of 85.5% stake in SODIC
Mubasher: A consortium comprising Aldar Properties and ADQ has completed the acquisition of around 85.52% of the outstanding share capital of Six of October Development and Investment (SODIC) following a mandatory tender offer (MTO). …
Companies Investments
Photo Archive
8 December 2021 08:49 AM Aldar-ADQ consortium acquires 85.5% stake in Egypt's SODIC
Mubasher: A consortium comprising Aldar Properties and ADQ will acquire around 85.52% of the outstanding share capital of Six of October Development and Investment (SODIC) following a mandatory tender offer (MTO). The consortium, owned 70% by …
Mergers and Acquisitions
Photo Archive
24 November 2021 08:41 AM Egypt's FRA approves Aldar-ADQ consortium's MTO to acquire SODIC
Mubasher: The Egyptian Financial Regulatory Authority (FRA) has approved a mandatory tender offer (MTO) submitted by a consortium of Aldar Properties and ADQ to acquire up to 90% and a minimum of 51% of the outstanding share capital of Six of …
Companies Investments
The company generated revenues of AED 6.32 billion
3 November 2021 08:44 AM Aldar sees 28% rise in net profits in 9M
Abu Dhabi – Mubasher: The net profits attributable to the owners of Aldar Properties increased by 28% year-on-year (YoY) to AED 1.536 billion during the Janaury-September period of 2021 from AED 1.209 billion, as shown by the company's interim …
Financial Results
This decision aims to support the NAFIS programme
24 October 2021 10:16 AM Aldar to create 1,000 jobs for UAE national by 2026
Abu Dhabi – Mubasher: Aldar Properties will provide job opportunities for 1,000 Emiratis over the next five years, which is in line with the Emiratisation goals announced in the UAE’s 'Projects of the 50' initiative. This decision aims to support …
Macroeconomics
The consortium has offered a purchase price of EGP 20 per share
14 September 2021 00:41 PM Aldar-ADQ consortium submits MTO to acquire Egypt's SODIC
Abu Dhabi – Mubasher: A consortium comprising Aldar Properties and ADQ has submitted an all-cash mandatory tender offer (MTO) to acquire up to 90% and a minimum of 51% of the outstanding share capital of Six of October Development and …
Companies Investments
The company generated revenues of AED 4.232 billion
11 August 2021 01:53 PM Aldar records 35% higher profits in H1-21
Abu Dhabi – Mubasher: The net profits attributable to the owners of Aldar Properties hiked by 35% to AED 1.062 billion in the January-June period of 2021, compared to AED 783.46 million in the same period of 2020, as per the company's interim …
Real estate
Aldar Properties submitted a preliminary non-binding offer in mid-March
25 July 2021 00:32 PM UAE’s Aldar Properties gets another deadline extension to bid for SODIC
Cairo - Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved a request by the UAE’s Aldar Properties to extend the deadline for submitting a mandatory tender offer (MTO) to fully acquire Six of October Development and Investment …
Real estate
Aldar will also invest a fixed amount in qualifying ESG projects
4 July 2021 00:18 PM Aldar signs AED 300m sustainability-linked loan with HSBC
Abu Dhabi – Mubasher: Aldar Properties has inked an agreement with HSBC to secure an innovative five-year term sustainability-linked loan worth AED 300 million. The property developer becomes the first real estate company in the Middle East and …
Real estate
Moody's expects adjusted gross debt to EBITDA of 3.5 times in 2021
10 June 2021 11:28 AM Moody's affirms Aldar's Baa2 issuer ratings; outlook stable
UAE - Mubasher: Moody's Investors Service (Moody's) has affirmed Aldar Properties' (Aldar) Baa2 issuer ratings, with a stable outlook. Affirming the rating reflects Aldar's solid credit metrics in 2020 despite the coronavirus (COVID-19) pandemic, …
Ratings
Aldar Properties submitted a preliminary non-binding offer in mid-March
8 June 2021 11:21 AM Aldar Properties gets deadline extension to submit SODIC’s acquisition offer
Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) received a request from the UAE’s Aldar Properties to extend the deadline for submitting a mandatory tender offer (MTO) to fully acquire Six of October Development and Investment …
Real estate
The construction of Noya Luma is due to begin in November 2021
25 May 2021 02:51 PM Aldar Properties launches Noya Luma project on Yas Island
Abu Dhabi – Mubasher: Aldar Properties has launched Noya Luma, which is adjacent to the rest of the Noya community on the north side of Yas Island, with 189 standalone villas. This launch came following the success of the first two phases of the …
Companies Investments
Revenues rose by 16% to AED 2 billion
11 May 2021 10:24 AM Aldar Q1 profit jumps 80%
Abu Dhabi – Mubasher: Aldar Properties recorded an 80% year-on-year (YoY) surge in net profits during the first quarter (Q1) of 2021, logging AED 544 million. The revenues rose by 16% YoY to AED 2 billion in Q1-21, on the back of a strong growth …
Financial Results
The selected startups will be awarded pilot projects with Aldar
5 May 2021 00:48 PM Aldar selects three global PropTech startups for Scale Up accelerator programme
Abu Dhabi – Mubasher: Aldar Properties has selected three PropTech startups from three different countries as part of the inaugural Aldar Scale Up accelerator programme, which aims to support international businesses with the latest cutting-edge …
Companies Investments
Fifth Wall is the world's largest venture capital company specialising in property technology
3 May 2021 00:26 PM Aldar invests in Fifth Wall's European property technology fund
Abu Dhabi – Mubasher: Aldar Properties has partnered with Fifth Wall, the largest property technology venture capital firm in the world, to invest in the European Real Estate Technology Fund. The real estate developer is the first limited partner …
Real estate
The Aldar-led alliance offered to acquire at least 51% of SODIC
15 April 2021 11:03 AM SODIC hires financial advisors to study acquisition offer by Aldar Properties
Cairo – Mubasher: The board of directors of Six of October Development and Investment (SODIC) approved the appointment of EFG Hermes and an international investment bank as financial advisors to study the preliminary acquisition offer submitted by …
Real estate
Mubadala will remain Aldar’s largest shareholder at 25%
31 March 2021 11:34 AM Mubadala sells 12% stake in Aldar for AED 3.5bn
Abu Dhabi – Mubasher: Sublime Commercial Investment, Alpha Dhabi Holding subsidiary, has acquired a 12.21% stake in Aldar Properties from Mubadala Investment Company (Mubadala). Carried out by International Securities and ADCB Securities, the …
Companies Investments
The changes will also reduce Yas Mall’s carbon footprint by 59 tonnes per year
29 March 2021 04:03 PM Aldar announces AED 500m redevelopment plan for Yas Mall
Abu Dhabi – Mubasher: Aldar Properties has set a AED 500 million redevelopment plan for Yas Mall to strengthen its position and enhance its retail experience. The plan will enable Aldar Investment to repurpose 40% of the gross leasable area to …
Companies Investments
Dividends will be distributed at 14.5 fils per share
24 March 2021 04:26 PM Aldar Properties to distribute AED 1.14bn dividends for 2020
Abu Dhabi – Mubasher: The ordinary general meeting (OGM) of Aldar Properties has agreed on paying cash dividends of AED 1.14 billion for the fiscal year (FY) 2020.  The cash dividend distribution is equivalent to 14.5% of the company’s capital or …
Cash Dividends
The potential transaction will be executed by Aldar-led consortium
14 March 2021 10:28 AM Aldar offers to acquire majority stake in EGX-listed SODIC
Mubasher: Aldar Properties has submitted a preliminary non-binding offer to acquire a majority stake in Six of October Development and Investment (SODIC), an Egyptian real estate company. The potential transaction will be executed by a consortium …
Companies Investments
The group's revenues rose by 17% YoY in 2020
14 February 2021 04:05 PM Aldar Properties announces decline in net profits in 2020; dividends proposed
Abu Dhabi – Mubasher: The consolidated financial results of Aldar Properties registered net profits attributable to the owners of AED 1.932 billion in 2020, down from AED 1.984 billion in 2019. The group's revenues rose by 17% to AED 8.392 billion …
Real estate
The company is also expected to generate a diversified revenue stream
11 February 2021 02:09 PM Aldar Estates acquires Asteco Property Management
Abu Dhabi – Mubasher: Aldar Estates, a subsidiary of Aldar Investment, has acquired Asteco Property Management, a real estate services company, and all its branches in Abu Dhabi and Dubai. The acquisition will enable Aldar Estates to expand its …
Real estate
Aldar Development will include three subsidiaries
1 February 2021 09:22 AM Aldar adopts new group operating model to promote growth
Abu Dhabi – Mubasher: Aldar Properties has launched a new group operating model that focuses on digital transformation, operational efficiency, and sustainability, as the company drives the next phase of growth. Under the new operating model, the …
Management Decisions
Aldar will manage major projects valued at AED 30 billion
20 January 2021 09:02 AM Abu Dhabi government partners with Aldar to develop AED 45bn capital projects
Abu Dhabi – Mubasher: The Abu Dhabi Executive Council has approved a framework between the Abu Dhabi government and Aldar Properties to develop capital projects worth AED 45 billion, according to the Emirates News Agency (WAM). Under the …
Companies Investments
The company aims to conclude profitable investment exits
31 December 2020 02:30 PM Aldar sells Abu Dhabi Golf Club Complex for AED 180m
Abu Dhabi – Mubasher: Aldar Properties has agreed to sell the Abu Dhabi Golf Club Complex, including the Westin Hotel and the Abu Dhabi Golf Course, to a financial investor in exchange for AED 180 million. From this transaction, the company has …
Companies Investments