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

Abu Dhabi's Aldar to launch new projects in next 3-4 mths -CFO Reuters DUBAI Oct 22 ( Reuters ) - Abu Dhabi's Aldar Properties will launch a few new projects in the next three to four months, the real estate developer's chief financial officer said on Wednesday. Aldar , Abu Dhabi's largest property company and majority-owned by ... and more » More ...


News Item

The National Soaring sculptures of flora and falcons to be displayed at soon-to-open Yas Mall The National The Yas Mall sculpture – commissioned by Aldar Properties and as yet unnamed – has been created in a similar fashion. When the mall opens, the first thing visitors will see at the main entrance is a giant sculpture of six falcons made of 132 painted steel ... and more » More ...


News Item

UPDATE 1-MIDEAST STOCKS-Gulf markets pull back again on weak global lead Reuters Africa (Updates with UAE, Qatar markets open). DUBAI Oct 14 ( Reuters ) - Stock markets in the United Arab Emirates and Qatar fell in early trade on Tuesday following the slide of U.S. equity markets on Monday. Dubai's bourse dropped 1.2 percent as most stocks ... and more » More ...


News Item

MIDEAST STOCKS-Gulf markets pull back again on weak global lead Reuters Abu Dhabi Commercial Bank fell 2.9 percent, First Gulf Bank was down 1.1 percent and Aldar Properties slid 2.5 percent. Qatar's index fell 1.0 percent with almost all stocks in the red. Property developer Ezdan Holding was the main drag, down 1.7 percent. and more » More ...


News Item

Dubai Stock Plunge Leads Middle East Rout After Global Selloff Bloomberg ... PJSC led declines on the local gauge, losing 4.8 percent as 28 shares in the emirate retreated and seven rose. Aldar Properties PJSC dropped 8 percent, its biggest decrease since July 20. ... To contact the reporters on this story: Sarmad Khan in Dubai at skhan170@ bloomberg .net; Yaacov Benmeleh in Tel Aviv at ybenmeleh@ bloomberg .net; Ahmed A. Namatalla in Cairo at anamatalla@ bloomberg .net. To contact the editors responsible for this story: Samuel Potter at spotter33@ bloomberg .net Dana El Baltaji, ... and more » More ...


News Item

Retail space at UAE's top malls comes at premium price The National The Yas Mall operator, Aldar Properties , did not reply to requests for an interview. In July, Aldar said it had signed an agreement with the luxury brand retailer Chalhoub Group to create the region's largest department store, taking up 200,000 sq ft of Yas Mall. and more » More ...


News Item

The National Emaar leads DFM's sharpest fall in four weeks The National Aldar Properties was the most actively traded stock in the capital, ending the day down 3.65 per cent at Dh3.70 each. Elsewhere in the region, Bahrain's All Share Index closed down 3.7 per cent at 1,468.69. Markets in Saudi Arabia, Qatar, Kuwait and Oman ... and more » More ...


News Item

F1 car zooms into Abu Dhabi mall Emirates 24/7 As part of the wider Yas Mall launch campaign, the Infiniti Red Bull Racing team flew over to perform the impressive stunt, explained Talal Al Dhiyebi, Executive Director of Asset Management at Aldar Properties . 'The mall is a destination for unique and ... and more » More ...


News Item

Dubai Shares Lead Arab Gulf Markets Lower Amid Mideast Conflict Bloomberg The owner of one of the world's biggest shopping malls is expected to price its retail unit's initial public offering at the top end of the range at 2.9 dirhams a share tomorrow, according to a term sheet obtained by Bloomberg . Savola's Withdrawal. Aldar Properties PJSC ( ALDAR ) and National Bank of Abu Dhabi PJSC led the declines on the ADX General Index. Aldar , the largest publicly-traded property company in the U.A.E.'s capital, ended 3 percent lower at 3.88 dirhams, the weakest level in more than a month. and more » More ...


News Item

Abu Dhabi's Mubadala posts 23 pct profit rise on higher JV income Reuters ABU DHABI/DUBAI, Sept 18 ( Reuters ) - Mubadala, the Abu Dhabi state-owned investment fund with a mandate to develop the emirate's economy, posted a 23 percent increase in first-half profit, aided by higher income from joint ventures and one-off gains. ... 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 ...


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

Abu Dhabi's Aldar to launch new projects in next 3-4 mths -CFO Reuters DUBAI Oct 22 ( Reuters ) - Abu Dhabi's Aldar Properties will launch a few new projects in the next three to four months, the real estate developer's chief financial officer said on Wednesday. Aldar , Abu Dhabi's largest property company and majority-owned by ... and more » More ...


News Item

The National Soaring sculptures of flora and falcons to be displayed at soon-to-open Yas Mall The National The Yas Mall sculpture – commissioned by Aldar Properties and as yet unnamed – has been created in a similar fashion. When the mall opens, the first thing visitors will see at the main entrance is a giant sculpture of six falcons made of 132 painted steel ... and more » More ...


News Item

UPDATE 1-MIDEAST STOCKS-Gulf markets pull back again on weak global lead Reuters Africa (Updates with UAE, Qatar markets open). DUBAI Oct 14 ( Reuters ) - Stock markets in the United Arab Emirates and Qatar fell in early trade on Tuesday following the slide of U.S. equity markets on Monday. Dubai's bourse dropped 1.2 percent as most stocks ... and more » More ...


News Item

MIDEAST STOCKS-Gulf markets pull back again on weak global lead Reuters Abu Dhabi Commercial Bank fell 2.9 percent, First Gulf Bank was down 1.1 percent and Aldar Properties slid 2.5 percent. Qatar's index fell 1.0 percent with almost all stocks in the red. Property developer Ezdan Holding was the main drag, down 1.7 percent. and more » More ...


News Item

Dubai Stock Plunge Leads Middle East Rout After Global Selloff Bloomberg ... PJSC led declines on the local gauge, losing 4.8 percent as 28 shares in the emirate retreated and seven rose. Aldar Properties PJSC dropped 8 percent, its biggest decrease since July 20. ... To contact the reporters on this story: Sarmad Khan in Dubai at skhan170@ bloomberg .net; Yaacov Benmeleh in Tel Aviv at ybenmeleh@ bloomberg .net; Ahmed A. Namatalla in Cairo at anamatalla@ bloomberg .net. To contact the editors responsible for this story: Samuel Potter at spotter33@ bloomberg .net Dana El Baltaji, ... and more » More ...


News Item

Retail space at UAE's top malls comes at premium price The National The Yas Mall operator, Aldar Properties , did not reply to requests for an interview. In July, Aldar said it had signed an agreement with the luxury brand retailer Chalhoub Group to create the region's largest department store, taking up 200,000 sq ft of Yas Mall. and more » More ...


News Item

The National Emaar leads DFM's sharpest fall in four weeks The National Aldar Properties was the most actively traded stock in the capital, ending the day down 3.65 per cent at Dh3.70 each. Elsewhere in the region, Bahrain's All Share Index closed down 3.7 per cent at 1,468.69. Markets in Saudi Arabia, Qatar, Kuwait and Oman ... and more » More ...


News Item

F1 car zooms into Abu Dhabi mall Emirates 24/7 As part of the wider Yas Mall launch campaign, the Infiniti Red Bull Racing team flew over to perform the impressive stunt, explained Talal Al Dhiyebi, Executive Director of Asset Management at Aldar Properties . 'The mall is a destination for unique and ... and more » More ...


News Item

Dubai Shares Lead Arab Gulf Markets Lower Amid Mideast Conflict Bloomberg The owner of one of the world's biggest shopping malls is expected to price its retail unit's initial public offering at the top end of the range at 2.9 dirhams a share tomorrow, according to a term sheet obtained by Bloomberg . Savola's Withdrawal. Aldar Properties PJSC ( ALDAR ) and National Bank of Abu Dhabi PJSC led the declines on the ADX General Index. Aldar , the largest publicly-traded property company in the U.A.E.'s capital, ended 3 percent lower at 3.88 dirhams, the weakest level in more than a month. and more » More ...


News Item

Abu Dhabi's Mubadala posts 23 pct profit rise on higher JV income Reuters ABU DHABI/DUBAI, Sept 18 ( Reuters ) - Mubadala, the Abu Dhabi state-owned investment fund with a mandate to develop the emirate's economy, posted a 23 percent increase in first-half profit, aided by higher income from joint ventures and one-off gains. ... 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 ...


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.