15 Feb 2010
(MENAFN) Aldar Properties posted an unexpected loss of $155.2 million in the fourth-quarter, compared to a $22.95 million net profit in the same period a year earlier, Reuters reported.
Aldar, UAE’s biggest developer by market value, blamed the loss on its failure to make any land sales during the three month period.
The Abu-Dhabi based firm said that it made a 2009 net profit of $272 million down from $936 billion in 2008.
Aldar’s Chief Financial Officer, Shafqat Malik, said that Aldar sold certain infrastructure and other property assets throughout the year at Yas Island, a development off the coast of Abu Dhabi, including the Yas Marina Formula One racetrack, noting that these results are weak, with both revenue and earnings strongly disappointing.
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BBK partners with Four Seasons Private Residences Bahrain Bay to offer ownership financing for 112 waterfront homes.
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You could be the next lucky winner.. BBK: BD 1.9 million prizes from Al Hayrat this year
14 Nov 2022
As part of its 50th Anniversary celebrations BBK continues to settle a total of 50 loans worth BD 5,000 each
16 Mar 2023
BBK partners with Four Seasons Private Residences Bahrain Bay to offer ownership financing for 112 waterfront homes.
01 Mar 2023
You could be the next lucky winner.. BBK: BD 1.9 million prizes from Al Hayrat this year
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