Aldar Properties to save even more than expected with Sorouh merger | The National:
"Nearly nine months after combining with rival Sorouh, Aldar Properties has increased its estimate for the amount of money it will be able to save each year from the merger by almost a half.
Abu Dhabi’s only remaining major listed property developer said that it had revised its predictions for the amount of cost saving synergies it would be able to make from between Dh90 million and Dh100m to between Dh145m and Dh150m a year.
The company said that the savings would come from both stronger than expected “operational efficiencies” and “interest savings on acquired debt”."
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