Aldar expects improved performance in 2017 owing to increased govt. spending
Aldar’s Chairman Abubaker Seddiq Al Khoori said that he expects better 2017 performance as govt. increases infrastructure spending. He said that Aldar is looking to make acquisitions in the UAE. He also described the conditions in UAE’s real estate sector as ‘good’.
Aldar Properties: AED2.40 as of 20 Mar. 2017, Rating: Buy, TP: AED3.37/share, MCap: USD5,142mn, ALDAR UH/ALDR.AD
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