ALDAR - Aldar Properties

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Share price 15 Apr 2009 3.89 dhs
Price/earnings (annualised)
Latest report ALDAR 2008 FY report
Stock market Abu Dhabi Securities Exchange
Founding date 21 Feb 2005 Listing date 02 Apr 2005
Auditor Deloitte and Touche
Chairman of ALDAR Ahmed Ali Al Sayegh
CEO of ALDAR John Bullough
Foreign ownership limit Maximum 40%
Total shares outstanding 2,577,894,735
Market capitalisation (AED) 10,028,010,519
Par value 1 Dh per share
Dividends for 2013 FY
Cash dividend yield
Fair Value estimate
Share price rating  
Difference from fair value
Consider buying below
Consider selling above
Latest share data for ALDAR orders | trades | chart
Ratings, estimates, comments are opinions only, and are not to be taken as advice to buy, sell or hold shares. E&OE.
ALDAR reports
* annualised
Date Profit
AED
EPS
AED
EPS*
AED
Price
AED
PE* PBV ROE* ROS
ALDAR 2008 FY 28 Jan 2009 3.45bn 1.34 1.34 2.64 2.0 0.4 21.2% 64.5%
ALDAR 2008 Q4 28 Jan 2009 84.5m 0.03 0.13 2.64 20.1 0.4 2.1% 8.9%
ALDAR 2008 Q3 26 Oct 2008 0.76bn 0.30 1.18 5.20 4.4 0.8 18.6% 82.5%
ALDAR 2008 Q2 29 Jul 2008 1.24bn 0.49 1.96 12.25 6.3 2.0 32.4% 87.3%
ALDAR 2008 Q1 23 Apr 2008 1.37bn 0.58 2.32 11.45 4.9 2.9 58.6% 66.3%
ALDAR 2007 FY 23 Jan 2008 1.94bn 0.87 0.87 10.40 11.9 3.0 25.2% 158.2%
ALDAR 2007 Q4 23 Jan 2008 0.53bn 0.24 0.95 10.40 10.9 3.0 27.5% 48.9%
ALDAR 2007 Q3 24 Oct 2007 0.51bn 0.29 1.17 8.77 7.5 3.3 44.3% 390.8%
ALDAR 2007 Q2 23 Jul 2007 457m 0.26 1.06 7.45 7.0 3.0 42.9% 5,375.0%
ALDAR 2007 Q1 01 May 2007 451m 0.26 1.05 5.14 4.9 2.3 47.4% 5,010.8%
ALDAR 2006 FY 17 Jan 2007 1.25bn 0.72 0.72 3.80 5.2 2.0 38.2% 666.4%
ALDAR 2005 FY 0.68bn           31.9% 172.0%
Share price 15 Apr 2009 3.89 dhs
Price/earnings (annualised)
Latest report ALDAR 2008 FY report
Stock market Abu Dhabi Securities Exchange
Founding date 21 Feb 2005 Listing date 02 Apr 2005
Auditor Deloitte and Touche
Chairman of ALDAR Ahmed Ali Al Sayegh
CEO of ALDAR John Bullough
Foreign ownership limit Maximum 40%
Total shares outstanding 2,577,894,735
Market capitalisation (AED) 10,028,010,519
Par value 1 Dh per share
Dividends for 2013 FY
Cash dividend yield
Fair Value estimate
Share price rating  
Difference from fair value
Consider buying below
Consider selling above
Latest share data for ALDAR orders | trades | chart
Ratings, estimates, comments are opinions only, and are not to be taken as advice to buy, sell or hold shares. E&OE.
ALDAR reports
* annualised
Date Profit
AED
EPS
AED
EPS*
AED
Price
AED
PE* PBV ROE* ROS
ALDAR 2008 FY 28 Jan 2009 3.45bn 1.34 1.34 2.64 2.0 0.4 21.2% 64.5%
ALDAR 2008 Q4 28 Jan 2009 84.5m 0.03 0.13 2.64 20.1 0.4 2.1% 8.9%
ALDAR 2008 Q3 26 Oct 2008 0.76bn 0.30 1.18 5.20 4.4 0.8 18.6% 82.5%
ALDAR 2008 Q2 29 Jul 2008 1.24bn 0.49 1.96 12.25 6.3 2.0 32.4% 87.3%
ALDAR 2008 Q1 23 Apr 2008 1.37bn 0.58 2.32 11.45 4.9 2.9 58.6% 66.3%
ALDAR 2007 FY 23 Jan 2008 1.94bn 0.87 0.87 10.40 11.9 3.0 25.2% 158.2%
ALDAR 2007 Q4 23 Jan 2008 0.53bn 0.24 0.95 10.40 10.9 3.0 27.5% 48.9%
ALDAR 2007 Q3 24 Oct 2007 0.51bn 0.29 1.17 8.77 7.5 3.3 44.3% 390.8%
ALDAR 2007 Q2 23 Jul 2007 457m 0.26 1.06 7.45 7.0 3.0 42.9% 5,375.0%
ALDAR 2007 Q1 01 May 2007 451m 0.26 1.05 5.14 4.9 2.3 47.4% 5,010.8%
ALDAR 2006 FY 17 Jan 2007 1.25bn 0.72 0.72 3.80 5.2 2.0 38.2% 666.4%
ALDAR 2005 FY 0.68bn           31.9% 172.0%

ALDAR opinion, news, reports, researchTop


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ALDAR latest news (links open in new window)Top

News Item

Mubadala H1 profit rises 23% on higher JV income Emirates 24/7 ... few state-controlled vehicles to publish results, Mubadala has interests in semiconductors, energy, aerospace and real estate among others, including General Electric, private equity firm Carlyle and local companies such as Aldar Properties and Tabreed. and more » More ...


News Item

The National Aldar focuses on retail, homes and hospitality The National Aldar Properties is pinning its expansion strategy across retail, residential and hotels over the next five years on an improving economy. 'We have 23 projects in the pipeline for sale and lease in residential, retail [and other segments] across the emirate, ... and more » More ...


News Item

Emirates 24/7 Costliest penthouses in Abu Dhabi? 21 units with world's highest bridge structure Emirates 24/7 Residents of these penthouses in Abu Dhabi will have access to swimming pools with waterfalls, lap lanes, islands and a lazy river. These are the 21 penthouses in Gate Towers on Shams Abu Dhabi on Al Reem Island and Aldar Properties , Abu Dhabi's ... More ...


News Item

Emirates 24/7 Costliest penthouses on world's highest building bridge in UAE? Emirates 24/7 These are the 21 penthouses in Gate Towers on Shams Abu Dhabi on Al Reem Island and Aldar Properties . ... There is considerable interest in remaining penthouses,ā€¯ John Robson - Sales and Leasing Director, Aldar Properties , told Emirates 24|7. and more » More ...


News Item

The National Aldar hotel revenue jumps 13.1% thanks to higher occupancy The National Aldar Properties reported a 13.1 per cent increase in first half revenue from its hotels portfolio as tourist attractions in the capital drew more visitors. The average occupancy rate at its nine hotels for the first six months of the year was 82 per cent, up from 78 per ... and more » More ...


News Item

MIDEAST STOCKS-UAE markets rebound; Saudi, Egypt pull back Reuters DUBAI, Sept 11 ( Reuters ) - Stock markets in the United Arab Emirates rebounded on Thursday after a pull-back related to the upcoming initial public offer of Emaar Properties' malls unit, while bourses in Egypt and Saudi Arabia slid on profit-taking. The Dubai ... and more » More ...


News Item

Dubai investors hoard cash ahead of Emaar Mall IPO Emirates 24/7 Developer Aldar Properties was hit hardest among blue chips, dropping 4.4 percent. SAUDI, QATAR. Saudi Arabia's property firms were also weak. Developers Dar Al Arkan and Jabal Omar, down 2.3 and 1.0 percent respectively, were among the main drags ... and more » More ...


News Item

MIDEAST STOCKS-Dubai drops on Emaar Malls IPO, most markets slip Reuters DUBAI, Sept 10 ( Reuters ) - Dubai's bourse fell sharply on Wednesday as investors accumulated cash for the upcoming initial public offer of Emaar Properties' malls unit, while most other markets in the region slipped. The Dubai index fell 3.4 percent after ... and more » More ...


News Item

UAE corporate earnings jump 31% to 33bn in H1 Emirates 24/7 In contrast to the other sectors, Real Estate's earnings declined 31.8 per cent YoY during H1 2014 due to a 31.8 per cent YoY decrease in Aldar Properties ' earnings. The contraction was attributed to the absence of one-time gains from the merger with Sorouh ... and more » More ...


News Item

MIDEAST STOCKS-Property firms lift UAE; Saudi banks, petchems pull back Reuters DUBAI, Sept 1 ( Reuters ) - Property firms, led by Dubai's Emaar Properties which has said it will float its malls unit in September, helped lift stock markets in the United Arab Emirates on Monday, while the advance of Saudi Arabia's bourse slowed. Dubai's main index rose 1.5 percent as ... Abu Dhabi's benchmark rose 0.9 percent as that emirate's largest listed developer, Aldar Properties , added 1.8 percent after announcing a sale of a residential tower for an undisclosed value. Another Abu Dhabi-listed developer, Ras ... and more » More ...


Newsfeed from Google News. See also latest UAE market news.

ALDAR opinion, news, reports, researchTop


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Aldar financial statements & accountsTop
PDF files (new window) 2004 2005 2006 2007 2008
ALDAR First Quarter     2006Q1 2007Q1 2008Q1
ALDAR Second Quarter   2005Q2 2006Q2 2007Q2 2008Q2
ALDAR Third Quarter   2005Q3 2006Q3 2007Q3  2008Q3
ALDAR Preliminary FY Report   2005PR 2006PR  2007PR  2008PR 
ALDAR Final Annual Report   2005FY 2006FY 2007FY

Links are to the relevant PDF report on the ESCA website and are provided as a convenience by ShareWadi.com. We are not responsible for the content or availability of any external sites or pages. If accounts are not available from ESCA, try the ADX or DFM website.

ALDAR latest news (links open in new window)Top

News Item

Mubadala H1 profit rises 23% on higher JV income Emirates 24/7 ... few state-controlled vehicles to publish results, Mubadala has interests in semiconductors, energy, aerospace and real estate among others, including General Electric, private equity firm Carlyle and local companies such as Aldar Properties and Tabreed. and more » More ...


News Item

The National Aldar focuses on retail, homes and hospitality The National Aldar Properties is pinning its expansion strategy across retail, residential and hotels over the next five years on an improving economy. 'We have 23 projects in the pipeline for sale and lease in residential, retail [and other segments] across the emirate, ... and more » More ...


News Item

Emirates 24/7 Costliest penthouses in Abu Dhabi? 21 units with world's highest bridge structure Emirates 24/7 Residents of these penthouses in Abu Dhabi will have access to swimming pools with waterfalls, lap lanes, islands and a lazy river. These are the 21 penthouses in Gate Towers on Shams Abu Dhabi on Al Reem Island and Aldar Properties , Abu Dhabi's ... More ...


News Item

Emirates 24/7 Costliest penthouses on world's highest building bridge in UAE? Emirates 24/7 These are the 21 penthouses in Gate Towers on Shams Abu Dhabi on Al Reem Island and Aldar Properties . ... There is considerable interest in remaining penthouses,ā€¯ John Robson - Sales and Leasing Director, Aldar Properties , told Emirates 24|7. and more » More ...


News Item

The National Aldar hotel revenue jumps 13.1% thanks to higher occupancy The National Aldar Properties reported a 13.1 per cent increase in first half revenue from its hotels portfolio as tourist attractions in the capital drew more visitors. The average occupancy rate at its nine hotels for the first six months of the year was 82 per cent, up from 78 per ... and more » More ...


News Item

MIDEAST STOCKS-UAE markets rebound; Saudi, Egypt pull back Reuters DUBAI, Sept 11 ( Reuters ) - Stock markets in the United Arab Emirates rebounded on Thursday after a pull-back related to the upcoming initial public offer of Emaar Properties' malls unit, while bourses in Egypt and Saudi Arabia slid on profit-taking. The Dubai ... and more » More ...


News Item

Dubai investors hoard cash ahead of Emaar Mall IPO Emirates 24/7 Developer Aldar Properties was hit hardest among blue chips, dropping 4.4 percent. SAUDI, QATAR. Saudi Arabia's property firms were also weak. Developers Dar Al Arkan and Jabal Omar, down 2.3 and 1.0 percent respectively, were among the main drags ... and more » More ...


News Item

MIDEAST STOCKS-Dubai drops on Emaar Malls IPO, most markets slip Reuters DUBAI, Sept 10 ( Reuters ) - Dubai's bourse fell sharply on Wednesday as investors accumulated cash for the upcoming initial public offer of Emaar Properties' malls unit, while most other markets in the region slipped. The Dubai index fell 3.4 percent after ... and more » More ...


News Item

UAE corporate earnings jump 31% to 33bn in H1 Emirates 24/7 In contrast to the other sectors, Real Estate's earnings declined 31.8 per cent YoY during H1 2014 due to a 31.8 per cent YoY decrease in Aldar Properties ' earnings. The contraction was attributed to the absence of one-time gains from the merger with Sorouh ... and more » More ...


News Item

MIDEAST STOCKS-Property firms lift UAE; Saudi banks, petchems pull back Reuters DUBAI, Sept 1 ( Reuters ) - Property firms, led by Dubai's Emaar Properties which has said it will float its malls unit in September, helped lift stock markets in the United Arab Emirates on Monday, while the advance of Saudi Arabia's bourse slowed. Dubai's main index rose 1.5 percent as ... Abu Dhabi's benchmark rose 0.9 percent as that emirate's largest listed developer, Aldar Properties , added 1.8 percent after announcing a sale of a residential tower for an undisclosed value. Another Abu Dhabi-listed developer, Ras ... and more » More ...


Newsfeed from Google News. See also latest UAE market news.

Aldar comments & notesTop

Aldar Properties share capital and shares outstanding
  • Note that not all share capital changes due to Aldar's convertible sukuk have been listed here but the most recent figure should be up to date. Total share capital expected to be 3.325 billion eventually (an additional 1.6 billion to be added to 1.725 billion prior to start of conversion). See Aldar share conversion topic for more details.
Date Share
Capital (AED)
Shares
Outstanding
Dividends Notes
Cash Share
09 November 2008 2,577,894,735 2.577 billion     +3,225,805 convertible sukuk
23 October 2008 2,574,668,930 2.575 billion     +645,171 convertible sukuk
11 September 2008 2,574,023,769 2.574 billion     +16,659,997 convertible sukuk
27 August 2008 2,557,363,772 2.557 billion     +2,703,219 convertible sukuk
19 August 2008 2,554,660,553 2.555 billion     +9,683,876 convertible sukuk
07 August 2008 2,544,976,677 2.545 billion     +1,677,418 convertible sukuk
14 July 2008 2,525,079,908 2.525 billion     +1,700,000 convertible sukuk
13 July 2008 2,523,379,908 2.523 billion     +5,494,095 convertible sukuk
10 July 2008 2,517,885,813 2.518 billion     +10,999,448 convertible sukuk
22 June 2008 2,478,023,143 2.478 billion     +1,800,000 convertible sukuk
18 June 2008 2,476,223,143 2.476 billion     +800,000 convertible sukuk
17 June 2008 2,475,423,143 2.475 billion     +3,180,645 convertible sukuk
11 June 2008 2,472,242,498 2.472 billion     +23,141,935 convertible sukuk
06 June 2008 2,449,100,563 2.449 billion     +1,600,000 convertible sukuk
04 June 2008 2,446,100,563 2.446 billion     +1,600,000 convertible sukuk
03 June 2008 2,444,500,563 2.445 billion     +52,672,429 convertible sukuk
06 May 2008 2,406,996,053 2.407 billion     +15,167,739 convertible sukuk
05 May 2008 2,391,828,314 2,392 billion     +14,353,545 shares added
23 April 2008 2,377,474,769 2.377 billion     +23,514,192 shares issued
31 December 2007 2,223,097,000 2.223 billion     +498,097,000 shares converted
07 November 2007 1,923,193,531 1.923 billion     +175,967,727 shares added
28 October 2007         +22,225,804 convertible sukuk
30 September 2007 1,725,000,000 1.725 billion      
31 March 2007 1,725,000,000 1.725 billion      
31 December 2006 1,725,000,000 1.725 billion      
31 March 2006 1,725,000,000 1.725 billion   15% bonus shares added
31 January 2005 1,500,000,000 1.5 billion      
12 October 2008 - new Aldar CEO
  • The new Aldar CEO is John Bullough, previously Chief Operating Officer (COO) of Aldar. The outgoing CEO, Ronald Barrott, becomes advisor to the Chairman of Aldar and keeps his seat on the Board.
27 April 2008 - Aldar projects (from 08Q1 financial statements note 5)

All figures in millions of dirhams (AED '000,000)

Aldar projects under development 31 Dec 08 31 Dec 07
Yas Island
3,001
1,805
Al Raha Beach
1,568
1,179
Central Market
1,110
852
Injazat Data Center
266
187
Coconut Island
97.1
67.7
Al Falah development
69.7
48.5
Al Mamoura building
38.2
247
Abu Dhabi Cleveland Clinic
53.4
14.5
Noor Al Ain
50.5
44.6
Baniyas Towers
39.4
9.60
Al Ain Labour Village
22.3
5.79
Other developments
85.0
63.0
Total
6,401
4,523
Other Aldar Projects    
Abraaj Towers    
Al Gurm Villas    
Al Jimi Mall, Al Ain    
Al Raha Gardens    
Al Reem Island mult-unit building    
Ferrari theme park (Yas Island)    
Khazakhstan    
Malaysia with South Johor Investment    
Motor World    
Ruwais Shopping Mall    
Warner Bros them park (Yas Island)    
12 December 2006 update from EGM 11 Dec 2006
  • Al Dar Properties Extraordinary General Meeting voted to increase foreign ownership allowance from 0% to 40%
  • Issue a Sukuk and/or convertible debenture of the value of 12.8 bn dhs.
29 September 2006 update

Announces intention to acquire international real estate within the next 12 months to spread its risk. The danger is that they buy property investments at peak prices, especially if they follow in the footsteps of EMAAR and buy in the UK or US. Cheap real estate is hard to find at present.

The CEO, Ronald Barrott, also was reported to have said they are not looking at a rights issue now but if conditions were right they may consider it. During 2005, more than one UAE company made even more definitive statements about not considering rights issues, only to have a rights issue within six months or so of such a statement. It won't surprise us to see one from ALDAR within the next few months then - especially if they want some cash to fund their property purchases.

ALDAR Properties PJSC background information

Sometimes referred to as Al Dar Properties. An Abu Dhabi based property development, investment, and management company. IPO in 2005 raised $400 million (AED 1.5 billion).

Principal Founders are Mubadala Development Company (est 2002, 100% owned by Abu Dhabi Government), Abu Dhabi Investment Company (ADIC), Abu Dhabi National Hotels Company (ADNHC), National Corporation for Tourism and Hotels (NCTH), The National Investor.

Website has some shareholder information with notes and pictures about projects and management team but no financial statements or reports which would be more useful to investors than the music and Flash introduction.

Developments as of 23 February 2007
  • Al Gurm Resort (www.algurmresort.com) - a 1.8 million sq m development with 59 luxury homes, and a 5 star resort (161 suites) built in the Abu Dhabi mangrove swamps. Er, mangrove forest that is.
  • Al Jimi Mall (location Government Road, Al Ain) - refurbished in 2002. Currently 35,000 sq m GLA (includes 17,000 sq m for Carrefour). Add 10,000 sq m for East Wing expansion underway in 2006, and 7,500 sq m for planned West Wing expansion.
  • Al Mamoura building - 63,000 sq m, 12 floors, office building in Al Muroor, Abu Dhabi. Prelet so far to Abu Dhabi Environment Agency, Mubadala Development Company, UAE Offsets Group.
  • Al Raha Beach (www.alrahabeach.ae) - mixed use development in Abu Dhabi expected to house 120,000 residents. Size about 5.2 million sq m.
  • Al Raha Gardens (www.alrahagardens.com) - 665,000 sq m community in the Al Raha Beach Development. Houses, schools, polo club, restaurants, retail outlets. For UAE nationals. Al Raha Garden Villas scheduled for completion August 2006 (construction began September 2005).
  • Central Market (located at intersection of Airport Road, Khalifa and Hamdan streets) - 5 hectare mixed use development in the center of Abu Dhabi city including an Arabian Souq. If it's anything like the Souk Madinat in Dubai (opened end of 2004), it should be a roaring success. Phase one completion scheduled for 2008. Complete development by 2010. Construction started 2006.
  • The Imperial College London Diabetes Centre - development of a facility for diabetes treatment and research, resulting from a partnership between Imperial College London and Mubadala Development Company. Completion scheduled for mid 2006. Location next to Zayed Military Hospital Building in Abu Dhabi.
Contact details and investor informationTop
  • Aldar, PO Box 51133, Abu Dhabi, UAE. Tel +971-2-6964444.
  • www.aldar.com - ALDAR website home page.
  • info@aldar.com - Aldar email.
ALDAR - related external links (open in new window)Top
  • www.sca.ae - ESCA profile. Includes share ownership details, board of director names, meeting dates, financial statements and annual report.
  • www.adx.ae - ADX financial disclosures, news and information.

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This page last updated 26-Nov-2009. Company information last updated 09 Nov 2008. E & OE.