2023-05-29 06:56:30
Malik Salameh – LiveThe share of Al-Dar Properties rose, during Monday’s trading, following the acquisition of Basateen Company, which specializes in landscaping, for 150 million dirhams.
And by 10:50 am Emirates time, the share of “Aldar Properties” rose by 0.97 percent, to a price of 5.17 dirhams.
And a trading volume of regarding 323.763 million shares, at a value of 1.676 million dirhams.
Aldar stated that this measure will expand the scope of services of the integrated Aldar Real Estate platform for asset and facilities management.
Aldar will own a majority stake of 75%, while a strategic partner will own the remaining 25% stake.
She pointed out that the orchards will constitute an important complement to the current portfolio of services provided by the Al-Dar platform for real estate, as it is a major operating sector of Al-Dar Investment Company.
And she pointed out that the platform witnessed growth through strong organic growth and through acquisitions that it carried out last year.
It is noteworthy that “Basateen” provides a variety of landscaping services, including design, installation, paving, gardening and green waste disposal, through a team of more than 1,000 employees.
To trade and invest in Gulf stock exchanges, click here.
nominations:
UAE stock exchanges lose 3.32 billion dollars of their market value within a week
Infographic.. The World Bank’s expectations for the growth of the Arab countries’ economies in 2023
Infographic.. the 10 largest banks in the Middle East in terms of market value during 2023
1685344551
#shares #Emirati #Aldar #property #rise #acquisition #Basateen
