Details of the Abu Dhabi Government's support for Aldar Properties will be the overriding market mover this week, analysts say.
A funding framework was revealed on Thursday comprising the sale of Dh10.9 billion (US$2.96bn) of infrastructure assets on Yas Island, Dh5.5bn of residential units and land, and a Dh2.8bn convertible bond.
Ahmed Ali al Sayegh, the chairman of Aldar, said the financial framework would "strengthen our capital structure and provide us with a stable and sustainable platform from which we can continue to capture commercial opportunities to deliver value to shareholders".
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