Aldar’s net profit surges as profit jump 23% in 2014

13 Feb 2015

(MENAFN) Aldar Properties showed significant growth in its profits on higher revenues in the last quarter of 2014, have plans to build 7,000 new properties in the capital in the next 5 years, reported Khaleej Times.

The board of director suggested cash dividend of 9 fils per share, up 29 per cent from 7 fils per share in 2013.

Mohammed Khalifa Al Mubarak, chief executive officer of Aldar Properties, described 2014 as “an exceptional” year for his property builder.

In the year, he said property firm executed successfully against a clear strategy and delivered on promises of strengthening balance sheet, monetising its land bank and growing recurring revenues.

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