Abu Dhabi's Sorouh Real Estate (SOR.AD) will need some additional funds this year after the emirate's second-largest developer by market value reported a loss in the fourth quarter.
Chief Financial Officer Richard Amos said Sorouh would need a "small amount" of additional funding this year but said the firm would not need to go to the capital markets, when asked if the developer would tap the bond market.
"We have a good pipeline of development revenues and expect a three-fold increase in earnings from investment properties over the next three years," he said.
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