Monday 26 December 2011

Aldar Properties' board to discuss asset sales | Alrroya

Aldar Properties said on Monday its board will meet this week to discuss asset sales as the Abu Dhabi developer, bailed out once by the government in 2011, struggles with a property downturn.

Aldar, part-owned by the government, said the board will meet Wednesday to "consider the sale by the company of certain of its assets," as well as other operational matters.

The developer has already sold assets to the Abu Dhabi government, including its Ferrari World theme park and the Yas Marina Formula One circuit.

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