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UAE real estate companies Aldar, Sorouh to merge

Posted on 23 January 2013

The merger would create one of the largest listed real estate companies in the Middle East and North Africa region, with over AED 47 billion (US $12.8 billion) of combined total assets.
Abu Dhabi-listed companies Aldar Properties PJSC (Aldar) and Sorouh Real Estate PJSC (Sorouh) announced today that their boards of directors have unanimously voted to recommend a merger to their shareholders. The proposed merger will create a stronger and more diversified company to take advantage of future opportunities in Abu Dhabi and other regional markets in the coming years………………………………………..Full Article: Source


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