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MIDEAST STOCKS #Dubai bourse extends losses as Egypt outperforms | Reuters

MIDEAST STOCKS Dubai bourse extends losses as Egypt outperforms | Reuters Dubai's stock market ended lower on Tuesday, extending losses for a second consecutive session, while investors in Egypt were optimistic about the central bank keeping interest rates on hold.Dubai's main share index (.DFMGI) fell 0.3%, with sharia-compliant lender Dubai Islamic Bank (DISB.DU) losing 1.2%, whereas Emirates NBD Bank (ENBD.DU) closed 0.4% lower.The emirate's bourse continues its price correction weighed...
Tags: Travel, Saudi Arabia, Egypt, Dubai, Abu Dhabi, Uae, Reuters, U S Federal Reserve, Saudi Basic Industries Corp, Riyad Bank, Tasi, Rupert Neil Bumfrey, QSI, Reuters Dubai, Aldar Properties, Aldar


#UAE's Aldar and ADQ seek to buy control of Egypt's SODIC | Reuters

UAE's Aldar and ADQ seek to buy control of Egypt's SODIC | Reuters The UAE's Aldar Properties and ADQ have submitted a request to Egypt's Financial Regulatory Authority (FRA) to acquire up to 90% of Egyptian property developer SODIC (OCDI.CA), they said on Tuesday.The mandatory tender offer of 20 Egyptian pounds per share would value SODIC at $453 million, said the companies, which are seeking a minimum of 51% of SODIC.Aldar accounts for 70% of the consortium while ADQ, a state-backed holding ...
Tags: Travel, Egypt, Uae, Reuters, FRA, Rupert Neil Bumfrey, Aldar Properties, Aldar, SODIC, ADQ, Financial Regulatory Authority FRA, SODIC Aldar


Kuwaiti Stocks Lead Middle East Gains After Oil Rally: Inside EM - Bloomberg

Kuwaiti Stocks Lead Middle East Gains After Oil Rally: Inside EM - Bloomberg Kuwait’s benchmark stock index traded at a record high for a fourth session after oil posted the biggest weekly gain in over a year. Equities in Saudi Arabia, Abu Dhabi and Oman also rose.MIDDLE EASTERN MARKETS: Kuwait’s Premier Market Index rises 0.5% at 11:24 a.m. local time Kuwait Finance House +1.2%; Zain +1%; Ahli United Bank +0.7% Banking shares have been leading the gauge’s 4.5% rally in August Abu Dhabi’s A...
Tags: Travel, Saudi Arabia, Tel Aviv, Bloomberg, Oman, Federal Reserve, Abu Dhabi, Kuwait, U S, Zain, Etisalat, Qatar National Bank, Qatar Islamic Bank, Kuwait Finance House, Rupert Neil Bumfrey, Dubai Qatar


#UAE Stocks End Little Changed With OPEC+ Deal Eyed: Inside EM - Bloomberg

UAE Stocks End Little Changed With OPEC+ Deal Eyed: Inside EM - Bloomberg Equities in the United Arab Emirates’ finished Sunday little changed as investors focused on the outcome of a meeting between OPEC and its allies ahead of a long holiday.Abu Dhabi’s ADX General Index and Dubai’s DFM General Index slipped less than 0.1% each. The volume of trade in both exchanges was lower than the 30-day average before the four-day Eid holiday, which starts Monday.Markets in the oil-rich country closed b...
Tags: Travel, Saudi Arabia, Israel, Opec, Bloomberg, Egypt, United Arab Emirates, Dubai, Telecom, Abu Dhabi, Bahrain, Kuwait, Uae, Alexandria, Cairo, Etisalat


IHC surges on subsidiary Alpha Dhabi's #AbuDhabi debut | ZAWYA MENA Edition

IHC surges on subsidiary Alpha Dhabi's Abu Dhabi debut | ZAWYA MENA Edition International Holding's shares rose more than 14% on Sunday after its subsidiary Alpha Dhabi Holding made its stock market debut on the Abu Dhabi bourse.Alpha Dhabi, in which IHC holds a 45% stake, opened at 20 dirhams a share, but eased to 17.70 dirhams trade, giving it a market value of 177 billion dirhams ($48.19 billion).Alpha Dhabi in turn holds a 12.1% stake in Aldar Properties, which it bought in March.IHC, whose...
Tags: Travel, United Arab Emirates, Abu Dhabi, Uae, IHC, Tahnoon Bin Zayed Al Nahyan, Rupert Neil Bumfrey, Aldar Properties, Sheikh Mohammed bin Zayed al Nahyan, Alpha Dhabi, Alpha Dhabi Holding


#AbuDhabi's IHC-owned Alpha Dhabi to go in for IPO | Property – Gulf News

Abu Dhabi's IHC-owned Alpha Dhabi to go in for IPO | Property – Gulf News Abu Dhabi's stock market has got confirmation of its second big IPO listing in as many days, with International Holding Company's subsidiary real estate subsidiary Alpha Dhabi Holding confirming a stock float. The offering is expected to comprise a sale of existing shares to individuals and other investors in the UAE (as part of the UAE retail offering) and to qualified institutional and other investors.Alpha Dhabi was ...
Tags: Travel, Abu Dhabi, Maldives, Uae, St Regis, Saadiyat Island, IHC, Rupert Neil Bumfrey, Mubadala, Abudhabi, Aldar Properties, Yahsat, Dhabi, International Holding Company, Alpha Dhabi, Alpha Dhabi Holding


Aldar Properties Q1 net profit surges 80%, partly helped by one-off gain | Reuters

Aldar Properties Q1 net profit surges 80%, partly helped by one-off gain | Reuters Abu Dhabi's Aldar Properties (ALDAR.AD) posted an 80% rise in first-quarter net profit, partly helped by a one-off gain from completion of a property transaction with state-backed ADQ.Net profit jumped to 544 million dirhams ($148.12 million) in the quarter that ended March 31, from 302 million dirhams in the same period a year earlier.Aldar late last year agreed to take over the management and development of go...
Tags: Travel, Reuters, Reuters Abu Dhabi, EFG Hermes, Rupert Neil Bumfrey, Aldar Properties, Aldar, Aldar Properties ALDAR


Mideast Stocks: Banks, petrochemicals weigh on #Saudi; Agility boosts #Kuwait | ZAWYA MENA Edition

Mideast Stocks: Banks, petrochemicals weigh on Saudi; Agility boosts Kuwait | ZAWYA MENA Edition Saudi Arabian stocks closed lower on Wednesday, hit by losses in banking and petrochemical stocks, while the Kuwaiti index outperformed the Gulf region.Other major Gulf markets were largely muted.Saudi Arabia's benchmark index fell 0.7%, with Al Rajhi Bank losing 0.7% and chemical maker Saudi Basic Industries retreating 1.2%.Saudi Electricity declined 3.6% after the company said net loss attributab...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Kuwait, Gulf, Aramex, Rupert Neil Bumfrey, Saudi Basic Industries, Saudi Telecom, Dubai Islamic Bank, Saudi Electricity, Aldar Properties, Al Rajhi Bank, Qatar Navigation


#AbuDhabi conglomerate IHC acquires 45% stake in Alpha Dhabi Holding | ZAWYA MENA Edition

Abu Dhabi conglomerate IHC acquires 45% stake in Alpha Dhabi Holding | ZAWYA MENA EditionAbu Dhabi-based conglomerate International Holding Co. (IHC) has acquired a 45 percent stake in Alpha Dhabi Holding, a real estate and construction group.IHC, listed on Abu Dhabi stock exchange, acquired a 94 percent stake last year in Falcon CI IV LP, a Cayman Island-based fund that has invested in Elon Musk’s California-based aerospace company, Space Exploration Technology Corp (SpaceX).Alpha Dhabi Holding...
Tags: Travel, Elon Musk, California, Abu Dhabi, Uae, IHC, Cayman Island, Rupert Neil Bumfrey, Aldar Properties, Mubadala Investment Co, Trojan Holding, Alpha Dhabi Holding, International Holding Co IHC


#Dubai stocks outperform on plans to increase tourism capacity | Reuters

Dubai stocks outperform on plans to increase tourism capacity | ReutersMajor stock markets in the Gulf ended higher on Sunday, with Dubai leading the gains following its plans to tourism capacity, while Egypt was supported by gains in SODIC.Dubai’s main share index advanced 1%, buoyed by a 2.3% rise in sharia-compliant lender Dubai Islamic Bank and a 1.7% increase in Emaar Properties.Dubai government said on Saturday it plans to increase its tourism and hotel capacity by 134% over the next 20 ye...
Tags: Travel, Saudi Arabia, Qatar, Egypt, Dubai, Abu Dhabi, Gulf, Reuters, Rupert Neil Bumfrey, Industries Qatar, Dubai Islamic Bank, Aldar Properties, First Abu Dhabi Bank, Alinma Bank, SODIC Dubai, Emaar Properties Dubai government


Most Gulf markets fall; #AbuDhabi gains | Reuters

Most Gulf markets fall; Abu Dhabi gains | Reuters Most Gulf markets ended in the red on Thursday, with the Saudi index pressured by losses in its banking shares.Saudi Arabia’s benchmark index ended the session down 0.7%, but was still up 0.9% on the week.Al Rajhi Bank dropped 0.7%, while the kingdom’s largest lender National Commercial Bank retreated 1.9%.Crude oil exports in Saudi Arabia, the world’s largest oil exporter, rose for a sixth straight month to an eight-month peak in December 2020, ...
Tags: Travel, Saudi Arabia, Wam, United Arab Emirates, Dubai, Abu Dhabi, Boeing, Gulf, Reuters, Emirates NBD, Qatar National Bank, Oct, Qatar Islamic Bank, Rupert Neil Bumfrey, Aldar Properties, National Commercial Bank


Mideast Stocks: #Saudi shares climb on higher crude while #Qatar falls | ZAWYA MENA Edition

Saudi shares extended gains for an eighth consecutive session on Monday on rising crude oil prices while corporate results weighed on the Qatari index.Oil prices soared to their highest in about 13 months as vaccine rollouts promised to revive demand and producers kept supply in check. Saudi Arabia's benchmark index advanced 0.5%, with Al Rajhi Bank rising 1.8% and National Commercial Bank climbing 1.5%.  The Qatari index lost 0.5%, dragged down by a 8.1% slide for telecoms giant Ooredoo after...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Emaar Properties, Emaar, Rupert Neil Bumfrey, Mohamed Alabbar, Aldar Properties, National Commercial Bank, Al Rajhi Bank, First Abu Dhabi Bank, Qatar Insurance


Mideast Stocks: Oil bolsters #Saudi index as other Gulf markets slip | ZAWYA MENA Edition

Mideast Stocks: Oil bolsters Saudi index as other Gulf markets slip | ZAWYA MENA Edition Most Middle East stock markets ended lower on Sunday, with financials weighing on the Dubai index, while Saudi extended gains for a seventh consecutive session on rising oil prices.Oil, a key catalyst for the Gulf's financial markets, hit its highest levels in more than a year on Friday on hopes a U.S. stimulus will boost the economy and fuel demand.Brent crude settled up $1.29, or 2.1%, at $62.43 a barrel b...
Tags: Travel, Saudi Arabia, Dubai, Abu Dhabi, Gulf, Qatar Islamic Bank, DAMAC Properties, Rupert Neil Bumfrey, Aldar Properties, Al Rajhi Bank, Aldar, Mashreq Bank, Saudi Arabian Mining Company Dubai, Emirates NBD Bank Elsewhere Dubai


#Dubai falls; #AbuDhabi, #Saudi manage narrow gains | Reuters

Dubai falls; Abu Dhabi, Saudi manage narrow gains | Reuters The Dubai stock market weakened on Wednesday, the benchmark’s fifth fall in the last six sessions, while Abu Dhabi and Saudi Arabia eked out marginal gains as sentiment was mixed in the wider Gulf region.Dubai, the trade and tourism hub in the Middle East, declined 0.6% as a recent spike in coronavirus cases in the United Arab Emirates further hamper the emirate’s recovery hopes despite the country’s fast vaccination rate.Travel and tou...
Tags: Travel, Saudi Arabia, Qatar, Middle East, United Arab Emirates, Dubai, Abu Dhabi, Gulf, Reuters, Aramex, National Commercial Bank NCB, NCB, Rupert Neil Bumfrey, Abu Dhabi Islamic Bank, IHS Markit, Aldar Properties


Oil lifts #Saudi shares; other Gulf indexes fall | Reuters

Oil lifts Saudi shares; other Gulf indexes fall | Reuters Saudi Arabian shares surged on Monday as crude prices rose to their highest in just over a year, while the markets in the United Arab Emirates finished lower after a spike in coronavirus cases in recent weeks soured sentiment.Oil prices, the most crucial catalyst for the Saudi financial market, were boosted by supply cuts among key producers and hopes for further U.S. economic stimulus measures that could boost demand. [O/R]The oil market...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Uae, Gulf, Reuters, Emirates NBD, Organization of the Petroleum Exporting Countries, Saudi Basic Industries Corp, Emaar Properties, Qatar National Bank, Rupert Neil Bumfrey, Aldar Properties


#UAE markets lead gains, #SaudiArabia declines | Reuters

UAE markets lead gains, Saudi Arabia declines | Reuters The markets in the United Arab Emirates (UAE) finished higher on Monday, helped by financial and real estate stocks, while Saudi shares fell for a second straight session.Dubai’s main share index started the month on a high note, putting on 1.6%, for the benchmark’s first session of gains in three.Blue-chip developer Emaar Properties was the best performer, jumping 3.5%, while sharia-compliant lender Dubai Islamic Bank added 1.2%.Dubai’s ho...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Uae, Reuters, United Arab Emirates UAE, Emaar Properties, Etisalat, Qatar National Bank, Qatar Islamic Bank, Abu Dhabi Commercial Bank, Rupert Neil Bumfrey, Dubai Islamic Bank, Aldar Properties


#UAE stocks gain $5.8bln as transactions cross $272mln | ZAWYA MENA Edition

UAE stocks gain $5.8bln as transactions cross $272mln | ZAWYA MENA Edition UAE financial markets on Monday posted decent gains of around AED21.5 billion in market cap driven by the realty and banking blue chips amid increased transactions that crossed the one billion dirham mark.The upbeat sentiments saw ADX closing higher around 4 pct than the last session at 5,489 pts and Dubai's main stocks index edging up 1.15 pct to 2,726 pts.In the Abu Dhabi Securities Exchange, FAB jumped 7.8 pct to AED15...
Tags: Travel, Dubai, Uae, Aramex, ADNOC, Rupert Neil Bumfrey, ADCB, Emaar Malls, Aldar Properties, MENA Edition UAE, Abu Dhabi Securities Exchange FAB


Mideast Stocks: Most Mideast stocks in red ahead of earnings season | ZAWYA MENA Edition

Mideast Stocks: Most Mideast stocks in red ahead of earnings season | ZAWYA MENA Edition Most major stock markets in the Middle East ended lower on Sunday, ahead of the usual flurry of quarterly and full-year corporate results over the next few weeks, with the Qatari index leading the losses.Saudi Arabia's benchmark index lost 0.3%, with petrochemicals company Saudi Basic Industries 2010.SE shedding 1.3% and Dr Sulaiman Al-Habib Medical Services 4013.SE closing 1.7% lower.The kingdom's inflation...
Tags: Travel, Saudi Arabia, Qatar, Middle East, Dubai, Abu Dhabi, Gulf, Mideast, Emaar Properties, Etisalat, Rupert Neil Bumfrey, Saudi Basic Industries, Aldar Properties, Sulaiman Al Habib Medical Services, Emaar Malls The Abu Dhabi, Untied Arab Emirates


Mideast Stocks: Major markets gain as non-oil sector stocks shine | Reuters

Mideast Stocks: Major markets gain as non-oil sector stocks shine | Reuters Major stocks in the Gulf region strengthened on Monday, bucking the global trend, as shares in non-oil sectors took centre stage with markets in the United Arab Emirates (UAE) primarily driving the gains.The non-oil sector in the Middle East’s tourism and business hub Dubai returned to growth in December, although the expansion was modest as employment fell and sentiment for the new year was subdued, the seasonally adjus...
Tags: Travel, Saudi Arabia, Middle East, Dubai, Abu Dhabi, Uae, Gulf, Reuters, Mohammed bin Salman, Reuters Major, United Arab Emirates UAE, Qatar National Bank, Rupert Neil Bumfrey, Dubai Islamic Bank, Aldar Properties, First Abu Dhabi Bank


Gulf stocks gain on global rally, higher oil prices | Reuters

Gulf stocks gain on global rally, higher oil prices | Reuters Major Gulf stock markets rose in early trade on Sunday, tracking a rally in global equity markets and a jump in oil prices on Friday. The sentiment in the Gulf was additionally supported by further developments on Saudi Arabia and its allies’ agreement to restore ties with Qatar.Global equities rallied on Friday as investors looked beyond U.S. political unrest and focused on further stimulus to mend the economic damage of the coronavi...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Doha, Gulf, Reuters, Riyadh, Qatar Airways, Emaar Properties, Qatar National Bank, Rupert Neil Bumfrey, Saudi Basic Industries, Saudi Airlines, Aldar Properties


Most major Gulf markets little changed; Dubai outshines | Reuters

Most major Gulf markets little changed; Dubai outshines | Reuters Dubai’s stock market extended the previous session’s gains on Thursday as the emirate began COVID-19 inoculations with the Pfizer-BioNTech vaccine, while other major Gulf markets were little changed.Dubai’s main share index rose 1%, with blue-chip developer Emaar Properties advancing 2.6%, while Emirates NBD Bank was up 1.4%.The emirate started rolling out the COVID-19 vaccine produced by Pfizer and BioNTech for free from Wednesda...
Tags: Travel, Saudi Arabia, Dubai, Pfizer, Abu Dhabi, Gulf, Reuters, Saadiyat Island, Emaar Properties, Qatar Islamic Bank, Rupert Neil Bumfrey, Reuters Dubai, Aldar Properties, Al Rajhi Bank, First Abu Dhabi Bank, National Central Cooling Company Tabreed


Mideast stocks: Major Gulf stocks little changed in early trade | Reuters

Mideast stocks: Major Gulf stocks little changed in early trade | Reuters Major Gulf stock markets were steady in early Sunday trading, having gained last week on optimism about COVID-19 vaccines.Saudi Arabia’s index was up 0.3% as Al Rajhi Bank gained 0.3% and Saudi Electricity added 2.1% in its fifth daily rise in six trading days.Moody’s on Wednesday upgraded the utility company’s rating to A1, citing increased government support. The company recently signed an agreement with the government t...
Tags: Travel, Saudi Arabia, Dubai, Abu Dhabi, Reuters, Mideast, Moody, Emaar Properties, CureVac, Qatar Islamic Bank, Rupert Neil Bumfrey, Industries Qatar, Saudi Electricity, Dubai Investments, Aldar Properties, Al Rajhi Bank


#Saudi index leads way among little-changed Gulf markets | Reuters

Major stock markets in the Gulf were little changed on Sunday, though financial shares bolstered the Saudi index.Financial markets globally have been buoyed over the past two weeks by U.S. drugmakers Pfizer and Moderna Inc releasing encouraging news on the effectiveness of their vaccines against the coronavirus.Saudi Arabia’s benchmark index gained 0.5%, led by a 0.3% rise for Al Rajhi Bank and 1.1% increase for Saudi Telecom Company.Dubai’s main index eased 0.1, with Emaar Malls losing 2.2% and...
Tags: Travel, Saudi Arabia, Pfizer, Abu Dhabi, Gulf, Reuters, Rupert Neil Bumfrey, Emaar Malls, Aldar Properties, Al Rajhi Bank, Moderna Inc, Saudi Telecom Company Dubai, Etisalat Qatar


MIDEAST STOCKS-Banks lift #Saudi shares, real estate boosts #UAE markets | Reuters

MIDEAST STOCKS-Banks lift Saudi shares, real estate boosts UAE markets | Reuters:Most Gulf stock markets rose on Monday, with the Saudi Arabian index boosted by financial shares, while markets in the United Arab Emirates gained on strength in property shares.Saudi’s benchmark index gained 0.6%, with the country’s largest lender National Commercial Bank climbing 2.3%. Al Rajhi Bank firmed 0.6%.The kindgom will partially lift its suspension of international flights as of Sept. 15 to allow “excepti...
Tags: Travel, Saudi Arabia, Qatar, United Arab Emirates, Dubai, Abu Dhabi, Uae, Spa, Gulf, Reuters, Saudi Arabian, Qatar National Bank, ADNOC, Rupert Neil Bumfrey, Aldar Properties, National Commercial Bank


Banks and real estate pull up #UAE stock indices | Analysis – Gulf News

Banks and real estate pull up UAE stock indices | Analysis – Gulf News:The UAE stock indices rallied by more than 0.50 per cent on Tuesday, continuing their bullish momentum of recent days.The gains were led by banks and real estate companies, on both DFM and ADX.The stocks that contributed most to gains are Emaar Properties, Emirates Integrated Telecommunications and Emirates NBD on DFM, while FAB and Aldar Properties pulled up ADX.A major news of for the day was ADIB raising the foreign owners...
Tags: Travel, Uae, Emirates NBD, Rupert Neil Bumfrey, Dubai Islamic Bank, Agthia Group, DFM, Aldar Properties, ADIB, Methaq Takaful Insurance It


#Abu Dhabi's Aldar hires banks for dollar sukuk - Reuters

Abu Dhabi's Aldar hires banks for dollar sukuk - Reuters:Aldar Investment Properties, a fully owned subsidiary of Abu Dhabi’s largest developer Aldar Properties, has hired banks to arrange investor meetings ahead of a planned issue of U.S. dollar-denominated sukuk, or Islamic bonds, a document issued by one of the banks showed.Aldar, 37.3% indirectly owned by Abu Dhabi’s sovereign wealth fund Mubadala, has mandated a group of banks including Dubai Islamic Bank, First Abu Dhabi Bank, HSBC and Sta...
Tags: Travel, Standard Chartered, Abu Dhabi, Reuters, Rupert Neil Bumfrey, Mubadala, Aldar Properties, Aldar, Aldar Investment Properties, Dubai Islamic Bank First Abu Dhabi Bank HSBC


REFILE- #UAE's Aldar Properties Q1 profit drops, plans $749 mln capex in 2019 - Reuters

REFILE-UAE's Aldar Properties Q1 profit drops, plans $749 mln capex in 2019 - Reuters:Aldar Properties, the largest property developer in Abu Dhabi, plans capital expenditure of 2.75 billion dirhams ($749 million) in 2019, its chief financial officer said after the company reported a 17.3% drop in first-quarter profit. The state-linked builder of Abu Dhabi’s Formula One circuit made a net profit attributable to owners of 553 million dirhams in the three months to March 31, it said on Tuesday. Th...
Tags: Travel, Abu Dhabi, Reuters, EFG Hermes, Rupert Neil Bumfrey, Greg Fewer, Aldar Properties, Aldar, SiCo


Swing traders remain active in banking shares on #UAE bourses

:Swing traders were active on Sunday buying banking shares from their support level on UAE bourses.Union National Bank closed 0.93 per cent higher at Dh5.40, after its shares took support at Dh5.30 on Thursday. Abu Dhabi Commercial Bank ended 1.31 per cent higher at Dh9.31. Abu Dhabi Islamic Bank closed 2.31 per cent higher at Dh4.40. “Traders may look to buy Union National Bank. We expect recovery towards the recent high at Dh5.60,” Shiv Prakash, senior analyst with First Abu Dhabi Bank Securit...
Tags: Travel, Uae, Etisalat, Abu Dhabi Commercial Bank, Abu Dhabi Securities Exchange, Rupert Neil Bumfrey, Abu Dhabi Islamic Bank, Aldar Properties, First Abu Dhabi Bank, First Abu Dhabi Bank Securities, UAE bourses Union National Bank


Aldar to acquire Etihad properties for Dh1.2b

Aldar to acquire Etihad properties for Dh1.2b:Aldar Investments announced on Wednesday it will be acquiring full ownership of Etihad Plaza and Etihad Airways Centre from Abu Dhabi’s Etihad Group for Dh1.2 billion.The transaction is expected to complete in the second quarter of this year, and will come in exchange for transfer of full ownership of Etihad Headquarters to Etihad Airways. The three buildings were previously held in 50/50 joint ventures between Aldar and Etihad.As part of the transac...
Tags: Travel, Abu Dhabi, Etihad, Etihad Airways, Rupert Neil Bumfrey, Aldar Properties, Aldar, Etihad Group, Aldar Investments, Etihad Plaza, Etihad Airways Centre, Etihad Headquarters


Aldar's stock surges 12% on rise in Q4 net profit and higher dividend for 2018 | ZAWYA MENA Edition

Aldar's stock surges 12% on rise in Q4 net profit and higher dividend for 2018 | ZAWYA MENA Edition:Shares in Aldar Properties surged on Thursday as the company announced a rise in fourth quarter (Q4) 2018 earnings and higher dividends for 2018.Aldar’s Q4 2018 earnings amounted to 318.8 million UAE dirhams ($86.8 million),a 125.5 percent year-on-year (y-o-y) increase on the 141.4 million UAE dirhams profit made in Q4 2017.The company proposed a cash dividend of 14 fils per share for 2018, subjec...
Tags: Travel, Rupert Neil Bumfrey, Aldar Properties, Aldar



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