Latest news with #AldarInvestment
Al Bawaba
22-05-2025
- Business
- Al Bawaba
Aldar Breaks Ground on a Custom Designed Cold Store Facility for Emirates Snack Foods
Aldar announced today it has broken ground on a custom-designed cold store and distribution facility for Emirates Snack Foods (ESF), one of the UAE's most prominent fast-moving consumer goods (FMCG) mark the partnership, Jassem Saleh Busaibe, Chief Executive Officer at Aldar Investment and Feda Saimua, Managing Partner at Emirates Snack Foods convened at Make It In The Emirates, an annual event dedicated to UAE's rapidly expanding industrial and manufacturing located in Dubai South's Logistics District, the facility is designed specifically for ESF to efficiently move high volumes of products in line with their customers' needs. The building will incorporate ESF's entire cold chain operations and corporate office into a single facility, maximising operational efficiencies and improving storage systems for faster distribution. Developed across a leasable area of almost 20,000 sqm, the facility will include modern racking solutions to maximise space and improve handling time, specialised insulation and humidity controls to accommodate a range of temperature sensitive products and an Automated Warehouse Management System to enable the real-time tracking of inventory. Jassem Saleh Busaibe, Chief Executive Officer at Aldar Investment, said: 'This build to suit project for Emirates Snack Foods highlights our ability to deliver best in class logistics facilities which are customised for operators seeking to enter or expand their operations in the UAE. As we grow our logistics presence and capabilities in both Dubai and Abu Dhabi, we look forward to delivering further Grade A facilities that meet and exceed global standards.'Feda Saimua, Managing Partner at Emirates Snack Foods, stated: 'Our investment in world-class facilities reaffirms our commitment to delivering exceptional service to our customers, brand partners, and consumers. These new facilities reflect the exponential growth our business has experienced and will enable us to efficiently serve all sub-channels across Food Service, Retail, and E-Commerce throughout the UAE. As we continue to expand, our investments are firmly rooted in the principles of sustainability, innovation, and diversity.'From advanced technologies that reduce power consumption to the integration of state-of-the-art culinary innovation and a training centre, ESF is building for the future. The facility is also designed to meet Dubai Green Building standards by integrating sustainable lighting, solar-ready infrastructure and energy-efficient cooling systems, including an onsite ammonia plant to supply efficient cold storage capabilities. Strategically positioned near to Al Maktoum International Airport, as well as Jebel Ali Port via a bounded logistics corridor, the new logistics facility will be handed over in Q4 2025. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.
Khaleej Times
29-04-2025
- Business
- Khaleej Times
Abu Dhabi: Aldar reports 33 per cent rise in Q1 2025 net profit before tax to Dh2.2 billion
Aldar, Abu Dhabi's premier developer, on Tuesday reported a 33 per cent rise in first quarter net profit before tax to Dh2.2 billion, driven by strong demand for existing inventory and new launches. Total UAE sales increased 38 per cent year on year to Dh8.4 billion driven by strong demand for both new launches and existing developments. Aldar launched two new projects in Q1 2025: Manarat Living III on Saadiyat Island; and The Wilds in Dubai, the third development under a joint venture with Dubai Holding. The developer's projects created a strong appeal among international buyers, with UAE sales to overseas and expat resident customers rising to Dh7.4 billion, representing 87 per cent of total UAE sales. UAE revenue backlog at the end of March 2025 stood at a record Dh46.7 billion, up from Dh45.9 billion at the end of December 2024. With an average duration of 29 months, it provides significant visibility on revenue over the next 2-3 years. Cash collections remain strong, totalling Dh3.6 billion as the company pursues accelerated delivery of projects. Increasingly diversified group development backlog has reached a record Dh55.7 billion, with UAE backlog of Dh46.7 billion, driving revenue recognition over the next 2-3 years. Aldar Investment's adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) rose 10 per cent year on year to Dh764 million — up 20 per cent excluding gains from disposals and divestments – and assets under management growing to Dh46 billion. Aldar strengthened its capital structure and financial resilience, issuing Dh3.7 billion hybrid capital notes and a Dh1.8 billion green sukuk, as well as securing a Dh9 billion syndicated revolving credit facility and a Dh1.8 billion hybrid capital solution from Apollo. Earnings per share rises 25 per cent year on year to Dh0.20 on the back of cross-platform earnings growth. Strong liquidity position supports prudent growth agenda with Dh10.2 billion in free and unrestricted cash, and Dh19.3 billion in undrawn committed credit facilities as at end of March. 'Aldar's strong start to the year demonstrates the depth and resilience of our diversified platform, and our ability to execute and grow with discipline against a clear strategy for long-term value creation. Looking forward, the UAE's sustained investment in strategic sectors and its commitment to a business-friendly environment and economic diversification provide a powerful foundation for stability and growth. In this conducive environment and with a development backlog reaching a record Dh55.7 dirhams, Aldar is well-positioned to deliver sustainable performance, deploying capital with care and reinforcing our role as a long-term partner in shaping the UAE's economic development,' said Mohamed Khalifa Al Mubarak, Chairman of Aldar. 'Aldar delivered a robust financial performance in the first quarter, with continued momentum across our core businesses driving a 33 per cent increase in net profit before tax to 2.2 billion dirhams. Our development sales remained extremely strong, rising 42 per cent to Dh8.9 billion, while our pipeline of new launches is on track amid continued demand from both local and international buyers. Meanwhile, our investment portfolio continued to perform positively, with recent acquisitions, increasing rental rates, and near-full occupancy levels driving revenue growth and income stability. In early 2025, we took proactive steps to reinforce Aldar's financial strength and resiliency, increasing liquidity through capital markets issuances and a syndicated loan. We have full confidence that our diversified platform, robust revenue backlog, and prudent capital deployment strategy position the company well to create long-term value for our stakeholders,' said Talal Al Dhiyebi, group chief executive officer of Aldar.
Zawya
24-02-2025
- Business
- Zawya
Aldar accelerates Emiratisation target creating more than 1,000 jobs for UAE nationals in three years
Since September 2021, Aldar and its subsidiaries hired 1,060 UAE nationals More than half of Aldar's executive leadership team are UAE nationals and 35% of all senior management roles are held by Emiratis Abu Dhabi, UAE: Aldar, the leading real estate developer, investor, and manager in the UAE, announced today the accelerated achievement of its five-year NAFIS target to create 1,000 jobs for UAE nationals, with 1,060 hires made in just three years ranging from fresh graduate to executive management level positions. This milestone demonstrates the success of Aldar's results-driven Emiratisation strategy, which directly contributes to the attraction, development, and retention of local talent across Aldar and its subsidiaries. In line with Aldar's commitment to developing the next generation of skilled local talent in the private sector, the Group made the commitment in 2021 in line with the NAFIS programme, a federal initiative launched as part of 'Projects of the 50' to increase the competitiveness of Emiratis and empower them to occupy private sector roles. Aldar's accelerated achievement of its NAFIS target has further solidified the company's leading position as one of the UAE's largest private-sector employers of local talent, where Emiratis represent 43% of its group workforce. Talal Al Dhiyebi, Group Chief Executive Officer at Aldar said: "We are proud to be at the forefront of advancing the government's vision to enhance the competitiveness of Emirati talent and enable them to take on pivotal roles in the private sector. Achieving our NAFIS target two years ahead of schedule is a testament to Aldar's commitment to fostering local talent and building a workforce that truly reflects the spirit and potential of the UAE. This milestone is not just about meeting targets; it's about investing in the future leaders of our nation, and empowering Emiratis to drive both the UAE and Aldar forward." Bayan Al Hosani, Group Chief People and Communications Officer at Aldar added: "Guided by the wise vision of our leaders, we developed a comprehensive, results-driven Emiratisation strategy that prioritises the attraction, development, and retention of Emirati talent. Aldar offers a variety of interesting career paths for experienced and graduate Emiratis across our portfolio with excellent career development opportunities, which along with our partnership with NAFIS, have led to the remarkable achievement of our Emiratisation target well ahead of schedule." UAE nationals represent more than half of Aldar's executive leadership team holding roles including Group CEO, Aldar Investment CEO, Aldar Projects CEO, Group Chief Financial and Sustainability Officer, and Group People and Communications Officer. 35% of business leaders are Emirati, including the most senior roles in Retail, Project Management, Sustainability and Community Outreach, Communications, Brand and Culture, Procurement, and Health and Safety. Meanwhile, Emirati women represent 57% of the UAE nationals at the group level. More than 62% of Aldar's Emirati employees are under the age of 35. This growth underscores the company's commitment to hiring young UAE nationals, fostering creativity and innovation across the business. To support this goal, Aldar offers a variety of development programmes tailored for young Emiratis. These include the Future Talent Programme, a 12-month training journey for graduates, and the Aldar High Potential Programme, which invests in exceptional talent to support their growth and success. Additionally, Aldar's Emiratisation programme incorporates succession planning and leadership development, ensuring the long-term sustainability of the business. Aldar's successful Emiratisation efforts were recognised at the 2023 NAFIS Awards, where Aldar was named one of the best Private Sector Employers. About Aldar Aldar is the leading real estate developer, manager, and investor in Abu Dhabi, with a growing presence across the United Arab Emirates, the Middle East North Africa, and Europe. The company has two core business segments, Aldar Development and Aldar Investment. Aldar Development is a master developer of a 69 million sqm strategic landbank, creating integrated and thriving communities across Abu Dhabi, Dubai, and Ras Al Khaimah's most desirable destinations. The delivery of Aldar's developments is managed by Aldar Projects, which is also a key partner of the Abu Dhabi government in delivering housing and infrastructure projects across the UAE's capital. Internationally, Aldar Development wholly owns UK real estate developer London Square, as well as a majority stake in leading Egyptian real estate development company, SODIC. Aldar Investment houses a core asset management business comprising a portfolio of more than AED 42 billion worth of investment grade and income-generating real estate assets diversified across retail, residential, commercial, logistics, and hospitality segments. It manages four core platforms: Aldar Investment Properties, Aldar Hospitality, Aldar Education, and Aldar Estates.
Zawya
31-01-2025
- Business
- Zawya
Aldar sells out Manarat Living III on Saadiyat Island generating AED 940mln
400 homes sold with 57% of buyers purchasing an Aldar home for the first time Expatriate residents and overseas buyers account for 72% of sales UAE, Jordan, China, and UK buyers make up the top four nationalities by sales volume Abu Dhabi, UAE: Aldar announced today that Manarat Living III, the final edition of its design-led urban collection on Saadiyat Island, sold out in just 24 hours, generating AED 940 million in sales. The speed at which the community sold out reflects Saadiyat Island's reputation as Abu Dhabi's most sought-after neighbourhood with a collection of unique residential concepts that are attracting significant local and international interest. UAE nationals accounted for 28% of sales, while expatriate residents and overseas buyers accounted for 72%, highlighting the universal demand for homes on Saadiyat Island. UAE, Jordan, China, and UK nationals make up the top four international buyers by sales volume. 65% of all buyers are under the age of 45, reflecting the growing popularity of contemporary residential concepts among young homebuyers. First-time buyers of an Aldar property accounted for 57% of sales, highlighting the growing popularity of the Aldar brand amongst both investors and homeowners. The boutique residential community features 400 urban homes and is the most elevated proposition within the Manarat Living collection. It offers enhanced amenities and premium features, including thoughtfully designed outdoor and community spaces. About Aldar Aldar is the leading real estate developer, manager, and investor in Abu Dhabi, with a growing presence across the United Arab Emirates, the Middle East North Africa, and Europe. The company has two core business segments, Aldar Development and Aldar Investment. Aldar Development is a master developer of a 62 million sqm strategic landbank, creating integrated and thriving communities across Abu Dhabi, Dubai, and Ras Al Khaimah's most desirable destinations. The delivery of Aldar's developments is managed by Aldar Projects, which is also a key partner of the Abu Dhabi government in delivering housing and infrastructure projects across the UAE's capital. Internationally, Aldar Development wholly owns UK real estate developer London Square, as well as a majority stake in leading Egyptian real estate development company, SODIC. Aldar Investment houses a core asset management business comprising a portfolio of more than AED 37 billion worth of investment grade and income-generating real estate assets diversified across retail, residential, commercial, logistics, and hospitality segments. It manages four core platforms: Aldar Investment Properties, Aldar Hospitality, Aldar Education, and Aldar Estates.
