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ABU DHABI, UAE, 16 MARCH 2016
Aldar Properties PJSC ('Aldar') is delighted to announce that following approval by the Board of Directors, the Company will contribute a sum of AED48 million to The National Fund.
The contribution reflects the priority that Aldar attributes to its corporate social responsibility as a leader in the community.
Mohamed Khalifa Al Mubarak, Chief Executive Officer, Aldar Properties, commented:
"We are delighted to be making this contribution to UAE Society. As the leading real estate lifestyle developer in Abu Dhabi, we are proud to be able to make a long lasting positive impact on the Emirate of Abu Dhabi. This positive impact can now be felt not only in the urban fabric of Abu Dhabi, but also the social fabric of our community."
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For further information, please contact:
Nick Farmer
Aldar Properties
+971 2 810 5555
Colin Judd/ Asala Faddah
Bell Pottinger
+971 5555 97400/+917 5555 97392
About Aldar
Aldar Properties PJSC is the leading real estate developer in Abu Dhabi with USD10 billion in assets, a 75 million sq. m land bank, and through its iconic developments, it is one of the most well known in the United Arab Emirates, and wider Middle East region.
From its beginnings in 2005 through to today, Aldar continues to shape and enhance the urban fabric of the UAE's Capital City in addition to other key areas of the Emirate.
Aldar develops exciting and innovative projects, such as the internationally recognized HQ building situated in the Al Raha Beach development, the Gate Towers in Shams Abu Dhabi on Al Reem Island, in addition to Yas Island's F1 circuit.
Aldar's shares are traded on the Abu Dhabi Securities Exchange (Stock quote: ALDAR:UH), and is a profitable, cash generative business that provides recurring revenues, and benefits from a diverse and supportive shareholder base. Aldar operates according to high standards of corporate governance and is committed to operating a long term and sustainable business in order to provide ongoing value for its shareholders.
Aldar seeks to create quality, comfortable, desirable destinations that enrich the lives of Abu Dhabi residents as well as tourists within the Emirate. Aldar is playing a leading role in the development and provision of world class retail - Yas Mall, international standard education through Aldar Academies, iconic entertainment venues such as the Yas Marina Circuit, and community amenities across its entire portfolio.
Aldar is driven by a vision to be the most trusted and recognized real estate lifestyle developer in Abu Dhabi and beyond.
© Press Release 2016
