"Abu Dhabi developers Aldar Properties and Sorouh Real Estate will trade as a merged entity from June 30 with a capital of 7.86 billion dirhams ($2.1 billion), the Abu Dhabi exchange said in a statement on Sunday.
The opening base price of the merged entity will be the closing price of Aldar on the final trading day of June 27, the statement added. Aldar shares fell 4.4 percent on Sunday but have risen nearly 77 percent year-to-date.
Sorouh, the smaller among the two property firms, would be delisted from the Abu Dhabi bourse on June 30."
'via Blog this'
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