Aldar is focused on developing unique and innovative projects at its level, such as the HQ building On Al Raha Beach, which has gained worldwide acclaim thanks to its exceptional design, as well as the Gate Towers project at Shams Abu Dhabi on Al Reem Island, other one in Yas Island. Aldar Properties is listed on the Abu Dhabi Securities Exchange (ALDAR: UH), A profitable organization whose business activities ensure profitable profits and fixed returns, …show more content…
The base of the merger between them was merger of equals which means unity for growth of Aldar and Sorouh. The merger was solidly recommended by the board of directors of both companies to its shareholders. At the time of merger, it was decided that shareholders of Sorouh will get 1.288 Aldar shares for each Sorouh share. Merger was subjected to approval by shareholders in extraordinary general meetings of Aldar and Sorouh. Aldar Sorouh Properties PJSC was the new company name decided at the time of merger. The expected synergy by the merging of two companies was the benefit of over AED 47 billion of assets of two real estate giants, with diversified assets portfolio, strong balance sheet and less financial risk