Aldar considers refinancing debts | GulfNews.com:
"Aldar Properties may refinance its debt, supported by improved credit rating and reduced borrowings, and seek better terms like cheaper rates and longer duration from lenders, Greg Fewer, the company’s chief financial officer said.
The Abu Dhabi-based developer is set to collect Dh3.1 billion from government contracts through December 2017. After its Dh1.1 billion debt payment in the second quarter, the company’s debts now stand at Dh7.1 billion.
On Tuesday, the company announced it recorded Dh601 million in net profits during the second quarter of this year, marking an 18 per cent increase from the Dh509 million in the second quarter of 2014."
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