Apollo Global Management is investing $1.4 billion in United Arab Emirates-based developer Aldar Properties in a deal that will see the New York company take a minority stake in one of Aldar's investment units, the firms announced Monday.
ABU DHABI, 9th February, 2022 (WAM) Aldar Properties (Aldar) today announced its preliminary financial results for the full year of 2021, reporting revenues of AED8.58 billion, up 2 percent year-on-year, a gross profit of AED3.60 billion, up 21 percent year-on-year, and a net profit of AED2.33 billion, up 21 percent year-on-year, highlighting the resilience of Aldar’s diversified business model.
Aldar also reported earnings per share of AED0.295, up 20 percent year-on-year, demonstrating sustainable growth of shareholder value.
Aldar’s robust financial results were driven by.