Govt of Abu Dhabi to buy several Aldar assets
The Government of Abu Dhabi has agreed to purchase several of Aldar’s assets which have broad value for Abu Dhabi’s economy.
Furthermore, in a coordinated action, Mubadala Development Company has agreed to purchase a convertible bond of Aldar.
This purchase is consistent with past practice whereby the government has paid private companies for the construction of projects that are important for the development of ?Abu Dhabi’s economy but does not signal a change of government policy towards Aldar, nor towards any other commercial enterprise.
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