Shareholders of Abu Dhabi state-linked firms Aldar Properties and Sorouh Real Estate will vote on the proposed merger next month and the deal is expected to be completed by end-June, the companies said in a joint statement.
Abu Dhabi's two biggest property firms agreed on an all-share merger last week creating a business with US$13 billion in assets.
The state-backed merger creates the second-largest listed property firm in the United Arab Emirates and one of the biggest in the Middle East.
Merger of Abu Dhabi's Aldar and Sorouh to be completed by end-June - The National
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