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Abu Dhabi's Aldar will pull in $1.4b from heavyweight US fund manager Apollo Global Management

Apollo already has struck alliances with Abu Dhabi blue-chips Mubadala and ADNOC ....

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Apollo Investing $1.4B In UAE Developer Aldar

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. ....

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Apollo's $1.4 Billion Abu Dhabi Deal Marks Latest Gulf Foray

The company is benefiting from resurgent demand for property in Abu Dhabi. ....

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Aldar reports record annual property sales of Dh7.2 billion with Dh2.33 billion net profit

Company has a strong balance sheet and undrawn facilities with liquidity of Dh90 billion ....

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Emirates News Agency - Aldar reports AED2.33 billion in net profit in 2021, an increase of 21%

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. ....

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