News tagged "Aldar properties"

Aldar Properties announces launch of Alreeman II

Aldar Properties announces launch of Alreeman II

13th June 2019

According to *Tradearabia news report, leading UAE developer Aldar Properties has announced the launch of Alreeman II, a Dh1.7-billion ($463 million) master-planned residential community in the Alshamkha area of Abu Dhabi, available exclusively for purchase by Emiratis.[..]

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Aldar Properties reports 20% growth in revenues in Q1 2019

Aldar Properties reports 20% growth in revenues in Q1 2019

15th May 2019

According to *Tradearabia news report, UAE-based Aldar Properties has reported a 20 per cent growth in its revenue for the first quarter, which soared to Dh1.76 billion ($479 million) from last year's figure of Dh1.47 billion ($400 million) amid strong development activity across all its projects.[..]

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Aldar completes successful refinancing with new 7 year US$ 500 mn sukuk

Aldar completes successful refinancing with new 7 year US$ 500 mn sukuk

26th September 2018

  • Aldar Investments’ debut US$500m 7 year sukuk competitively prices at 4.75%
  • More than twice over-subscribed across Europe, Middle East and Asia
  • Proceeds to be used to refinance existing debt

Abu Dhabi, UAE, 26 September 2018: Aldar Properties PJSC (“Aldar”), today announces that its 100% owned subsidiary Aldar Investments has successfully issued its debut fixed rate US dollar denominated sukuk, with a tenor of 7 years, raising a total of US$500 million. Aldar Investments is the region’s largest diversified real estate investment company, and its highest rated non-government related corporate.  The new issuance demonstrates Aldar Investments’ ability to raise efficient long-term debt capital independently; and also successfully refinances Aldar’s forthcoming debt maturities. [..]

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