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Aldar to launch $1.25bn

Aldar to launch $1.25bn

Old May 22nd 2009, 8:33 am
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Default Aldar to launch $1.25bn

http://www.arabianbusiness.com/55631...enerate-funds-

anyone have any thoughts on the direction AD biggest property company is heading with news they are heading to the market for $1.25b to continue developments ?

not really sure what to make of it....
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Old May 22nd 2009, 8:42 am
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Default Re: Aldar to launch $1.25bn

Could it have anything to do with the inside way the UAE works, the fact that Aldar are partly government owned therefore guaranteed most of the construction contracts and the fact that this could be easy money for some of those insiders?

Maybe not... but I'd like to hear from someone that really understands the situation as to what the involved risks would be in these bonds.
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Old May 22nd 2009, 7:46 pm
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Default Re: Aldar to launch $1.25bn

ALDAR work in mysterious ways - they like to keep everyone in the dark! One thing's for sure though they will be very careful about working with British Contractors in future.
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Old May 23rd 2009, 9:56 am
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Default Re: Aldar to launch $1.25bn

Originally Posted by Foxes View Post
http://www.arabianbusiness.com/55631...enerate-funds-

anyone have any thoughts on the direction AD biggest property company is heading with news they are heading to the market for $1.25b to continue developments ?

not really sure what to make of it....
Originally Posted by AnotherWorld View Post
Could it have anything to do with the inside way the UAE works, the fact that Aldar are partly government owned therefore guaranteed most of the construction contracts and the fact that this could be easy money for some of those insiders?

Maybe not... but I'd like to hear from someone that really understands the situation as to what the involved risks would be in these bonds.
In my opinion the way these companies work is simple, sell off plan, get the money, start building, a couple of months later start another project and sell off plan, get the money and pump it into project 1, a couple of months later start a third project and sell off plan, pump money again into project 1, then start project 3 and sell off plan, get the money start pumping into project 2, etc etc etc...It's a never ending cycle, but now it's broken...
Basically they start a million dollar business with only 10 thousand dollars, and the rest is other people's money...
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