It aims to increase the student capacity in Aldar Education’s owned and managed schools to over 40,000 seats by the 2024-2025 academic year
Aldar has secured development rights for an extra 11,200 sq m of gross floor area, with an option to acquire an additional 7,400 sq m for retail and commercial use
Via the agreement, 100 per cent of Aldar’s owned and managed operating assets will be powered by EWEC’s clean energy sources for up to five years
The community will span an area of 397,000 sqm in Yas North, with construction scheduled to commence in Q4 2022
Alpha Dhabi Holding has completed the acquisition of Sublime 2, Sogno 2 and Sogno 3, which together own 17 per cent of Aldar Properties
The company, armed with $1.85bn in capital, has the resources to make purchases both in its home market and around the UAE
The consortium is offering a purchase price of EGP20 per share, valuing the company at $453m
Aldar will invest a fixed amount in one or more ESG projects if it does not reach agreed annual targets
Its 2020 gross profit also rose 8 per cent to Dhs2.98bn
Aldar Investment and Aldar Development will be led by their own CEOs – Jassem Busaibe and Jonathan Emery, respectively
The company will take on management of Dhs30bn in developments and provide oversight for projects worth Dhs10bn
The transaction is expected to complete in the first quarter of 2021
The sale generated over Dhs1bn
Those eligible for this scheme will also be offered a 30 per cent discount across Aldar’s hotels, golf resorts and food and beverage outlets
On August 19, the listed public joint stock companies booked Dhs11.7bn in gains
From July 28 to August 3, members will earn two Etihad Guest Miles for every Dhs3 spent on purchases with their Visa cards over Dhs50
Mubadala may also dispose of some residential buildings in the United Arab Emirates’ capital
To earn and spend miles, shoppers must connect their Visa card to their Etihad Guest mobile app
The contracts were awarded for its Alreeman and Reflection development
The biggest listed companies in the UAE as ranked by market capitalisation