Abu Dhabi's Aldar Properties has no plans to delist from the Abu Dhabi stock exchange, the company's deputy chief executive officer said on Wednesday, dismissing speculation that a major government shareholder may take the developer private.
"We won't be delisting," Mohammed Khalifa Al Mubarak said, after Aldar's shares fell to a record low.
Share of the developer slumped 4.7 percent in early trading on Wednesday, hitting a low of AED0.79 ($0.22), before recovering to AED0.81.
"We won't be delisting," Mohammed Khalifa Al Mubarak said, after Aldar's shares fell to a record low.
Share of the developer slumped 4.7 percent in early trading on Wednesday, hitting a low of AED0.79 ($0.22), before recovering to AED0.81.
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