Aug 13 (Reuters) – Abu Dhabi developer Aldar Properties, Abu Dhabi’s biggest property firm, said on Tuesday that its Chief Executive Officer Sami Asad will step down from his role on August 15. Asad has been CEO of the property developer since 2010. An announcement on the new chief executive would be made in due course, Aldar said in a statement on Abu Dhabi’s bourse. Aldar merged […]
Abu Dhabi developer Aldar Properties laid out plans to cut its $3.8 billion debt by more than half in coming years as it starts to recover from a real estate slump and reaps the benefits of a merger with its main rival. Chief Financial Officer Greg Fewer said revenue would start to improve in the third quarter as Aldar benefits from Sorouh’s revenue stream and would grow […]
