About Aldar

ALDAR

Aldar Properties PJSC, is the leading real estate developer in Abu Dhabi, and through its iconic developments, it is one of the most well known in the United Arab Emirates, and wider Middle East region.

From its beginnings in 2005 through to today, Aldar continues to shape and enhance the urban fabric of the UAE’s Capital City in addition to other key areas of the Emirate of Abu Dhabi.

Aldar develops exciting and innovative projects, such as the internationally recognized HQ building situated in the Al Raha Beach development, the Gate Towers in Shams Abu Dhabi on Al Reem Island, in addition to Yas Island’s F1 circuit.

Aldar’s shares are traded on the Abu Dhabi Securities Exchange and it is a profitable, cash generative business that provides recurring revenues, and benefits from a diverse and supportive shareholder base. Aldar operates according to high standards of corporate governance and is committed to operating a long term and sustainable business in order to provide ongoing value for its shareholders.

Aldar seeks to create quality, comfortable, desirable destinations that enrich the lives of Abu Dhabi residents as well as tourists within the Emirate. Aldar is playing a leading role in the development and provision of world class retail at Yas Mall and The Mall at the World Trade Centre, international standard education through Aldar Academies, iconic entertainment venues such as the Yas Marina Circuit, and community amenities across its entire portfolio.



VISION

Be the most trusted and recognised real estate lifestyle developer in Abu Dhabi and beyond.

​MISSION 

To maximise our stakeholder value by passionately creating and managing quality living spaces

​OUR VALUES

Team Spirit
We trust in each other and are passionate about delivering great results together.

Ambition
We continuously strive to better serve ourselves, our people, customers and stakeholders

Commitment
We are accountable and take responsibility for our actions and seeing the job through.

Diversity
We respect different opinions, people and cu​ltures.

History

Aldar was established in 2004 and listed on the Abu Dhabi Stock Exchange (ADX) in 2005.

Aldar is the master developer behind Yas Island and developed a majority of the key developments on the island including Ferrari World and Yas Marina circuit.  Aldar's key activities include property development and management, real estate asset management and adjacent businesses. 

In ​2013 Aldar merged with ADX listed real estate developer, Sorouh Real Estate PJSC ("Sorouh").  The merger consolidated the two key real estate players in Abu Dhabi, creating a more diversified asset base and stronger balance sheet. 

During the merger Aldar developed a clear and focused strategy and has worked hard to execute and deliver on its principals.  For more information on strategy see strategy section.  ​

His Excellency Mohamed Khalifa Al Mubarak

Chairman

His Excellency Mohamed Khalifa Al Mubarak is Chairman of Aldar Properties PSJC and prior to that, he was Chief Executive Officer and Chief Portfolio Management Officer at Aldar. Mohamed has been integral to the development of Aldar’s operational businesses as well as that of the fast growing Sales & Leasing, Property & Asset Management and Facilities Management units within the organisation. Prior to joining Aldar, he worked with the corporate and investment bank Barclays Capital in London, focusing on investment and finance in the MENA region. Mohamed is the Chairman of the Abu Dhabi Tourism & Culture Authority as well as the Chairman of Farah Leisure (operator of Ferrari World Abu Dhabi and Yas Waterworld), Aldar Academies and Imagenation. Mohamed is a graduate of Northeastern University (USA), with a double major in Economics and Political Science.

His Excellency Mr. Abubaker Seddiq Al Khoori

Vice Chairman

His Excellency Al Khoori is the Vice Chairman of Aldar Properties. Previously, he was the Managing Director of Sorouh Real Estate, and worked as the Assistant Director of the Abu Dhabi Investment Authority. H.E Al Khoori has over 20 years of experience in the fields of finance and international investment and over 8 years in the real estate sector. He is currently the Vice Chairman of both Waha Capital PJSC and Senaat. He is also a board member of Abu Dhabi Ports Company (ADPC) and Abu Dhabi Airports Company (ADAC). H.E. Al Khoori holds a degree in Finance from Linfield College in McMinnville, Oregon, USA, and is a certified Chartered Financial Analyst (CFA) and a member of AIMR.

Waleed Ahmed Almokarrab Al Muhairi

Vice Chariman

Mr. Waleed Al Muhairi is Mubadala’s Deputy Group CEO and he is also Chief Executive Officer, Emerging Sectors of Mubadala. Mr. Al Muhairi is currently the Chairman of the Board of Directors at National Central Cooling Company PJSC (Tabreed) & Cleveland Clinic Abu Dhabi and a Member of the Board of Directors at Abu Dhabi Future Energy Company PJSC (Masdar), Mubadala Petroleum LLC & Tamouh Investments. As Mubadala’s Deputy Group CEO, Mr. Al Muhairi oversees the company’s broad investment portfolio and is responsible for its strategic, operational and business development activities. Mr. Al Muhairi is also Chief Executive Officer, Emerging Sectors, with oversight of Mubadala’s healthcare, real estate and infrastructure, and capital investment portfolios, as well as the Enterprise Technology & Services unit. In addition to his position as Deputy Group CEO of Mubadala, Mr. Al Muhairi is a member of the Board of Directors of several key Mubadala Group and other operational businesses. Mr. Al Muhairi was also one of the principal architects behind the Abu Dhabi 2030 Economic Vision. Prior to joining Mubadala, Mr. Al Muhairi worked with the UAE Offsets Program Bureau as a Senior Project Manager. He previously worked with McKinsey & Company as a commercial and governmental consultant. Mr. Al Muhairi holds Masters from Harvard University in Public Policy with a concentration in Business and Government and Bachelors of Science in Foreign Service from George Town.

Mr. Ali Saeed Abdulla Sulayem Al Falasi

Board member

Mr. Falasi, has extensive experience in the real estate sector and has been Chief Executive Officer of Hydra Properties since 2009. He is also a member of the Board of Directors of Commercial Bank International PSC. Mr. Al Falasi has an M.B.Aholds a Master’s of Business Administration. from the University of Sharjah, and a Bachelor’s of Science BSc from in Production & Operation Management from California State University in Production & Operation Management and a Bachelor’s of Arts.A. in Accounting from United Arab Emirates University.

Mr. Mansour Mohamed Al Mulla

Board member

Mansour Mr. Al Mulla is the Head of Finance for the Energy Platform in Mubadala Development Company. (Mubadala). His prime responsibility, amongst others, is to advise, appraise and recommend to the Platform CEO on all financial matters pertaining to platform assets, which include investments in Oil and Gas (through Mubadala Petroleum LLC) and renewables. (through ”). Throughout his career with Mubadala, Mansour Mr. Al Mulla has played an instrumental role in negotiating and closing numerous award winning financing transactions. He led the team in closing the $1.3 billion Dolphin 21' project bonds in February 2012. He also led the efforts on closing and funding the multi-tranche $4.1 billion debt financing for the Dolphin Project in July 2009. Both deals won numerous awards by leading publications in the Project Finance field. Mansour Mr. Al Mulla also supported a number of other transactions, including the leveraged buyout debt financing for the acquisition of Zurich based Maintenance, Repair and Overhaul operator SR Technics and financing Mubadala’s stake in the Dutch fleet management company LeasePlan Corporation, the latter has been exited with a profit. Additionally, Mansour has advised and supported a number of Mubadala related assets on raising standalone debt financing as well as other strategic initiatives. In addition to his duties, Mansour Mr. Al Mulla also serves as a board member of Waha Capital PJSC,n ALDAR Properties PJSC and Anglo Arabian Healthcare FZ LLC. Prior to joining Mubadala in 2004, Mansour Mr. Al Mulla spent 3 years with the Offset Program Bureau, formally known as UAE Offsets Group. During his time there, he was exposed to projects across a number of sectors including aerospace, real-estate, infrastructure, healthcare, finance and oil & gas. Mansour Mr. Al Mulla holds a Bachelor’s of Science in Business Administration (Information Systems) from Portland State University, Portland, Oregon, USA.

Mr. Mohamed Haji Al Khoori

Board member

Mr. Al Khoori worked as a financial consultant and served as a senior executive within a number of organizations including until recently as Director General of the Khalifa Bin Zayed Al Nahyan Foundation as well as a number of important positions within the Public and Private Sector Court in Abu Dhabi. 

Mr. Al Khoori is also on the board of a range of institutions in the UAE. These include the Zayed Higher Organization for Humanitarian Care & Special Needs, International Capital Trading Company, Dalma Company, International Golden Group, Federal Electricity Authority and the Abu Dhabi Chess Club.

Mr. Al Khoori holds a Bachelor’s degree in Economics from the California State University in San Bernardino, USA.

Mr. Ahmed Khalifa Mohamed Al Mehairi

Board member

Mr. Al Mehairi, a UAE national, with more than 10 years of experience, is a senior investment professional at the Direct Investments Department of the Abu Dhabi Investment Council (ADIC). Prior to joining (ADIC) in 2008, he worked at the Far East Department at Abu Dhabi Investment Authority (ADIA).

Mr. Al Mehairi is currently a Member of the Board of Directors at Etihad Airways, Abu Dhabi National Energy Company PJSC (Taqa), Massar Solutions PJSC and FOODCO Holding PJSC. Previously, he served as a Member of the Board of Directors at Sorouh Real Estate PJSC and Aseel Finance PJSC.

Mr. Al Mehairi holds a Bachelor's of Commerce degree in Finance from The John Molson School of Business, Concordia University, Montreal, Canada.

Mr. Martin Lee Edelman

Board member

Mr. Edelman is Chairman of the Board of AGT International and is on the Board of Directors of Capital Trust, AMD, and Ashford Hospitality Trust. Mr. Edelman concentrates his practice on large complex international real estate developments, corporate mergers and acquisitions transactions.

He is an advisor to Grove Real Estate Partners, The Related Companies and Mubadala, the strategic investment arm of the Government of Abu Dhabi. He is also on the boards of the Jackie Robinson Foundation, The Intrepid Fallen Heroes Fund, the Fisher House Foundation and Tribeca Film Institute and Festival

Mr. Edelman holds a Bachelor Degree in Politics from Princeton University and in Law from Columbia University USA.

ENG Hamad Alameri

Board member

Engineer Hamad Salem Bin Louteya Al Ameri, brings to Aldar significant experience from the construction industry as well as in the fields of business growth and management.

Eng. Al Ameri joined the Aldar Properties Board of Directors in November 2015 adding to a portfolio of appointments which among others includes his role as Vice Chairman of the Board and Managing Director of Trojan Holding. In this role he leads the growth strategy of both the holding company and its subsidiaries, which has resulted in the Company expanding from a small base to a team of over 21,000 employees.

In addition to his role at Aldar and Trojan Holding, Eng. Al Ameri holds a number of Board positions and holds a degree in Civil Engineering as well as a Masters in Business Administration.

Talal Al Dhiyebi

Chief Executive Officer

Talal is the Chief Executive Officer at Aldar having previously held the position of Chief Development Officer and Executive Director of Asset Management since the merger with Sorouh in 2013. He held several senior positions at Aldar and currently serves on the boards of several companies including Abu Dhabi Motorsports Management, Al Jazira Capital, Aldar Academies, Aldar Etihad Investment Properties and Aldar Hotels & Hospitality. Talal is a graduate of Electrical Engineering (Honors) from the University of Melbourne, Australia.

Greg Fewer

Chief Financial Officer

Greg Fewer is the Chief Financial Officer of Aldar Properties PJSC. Mr. Fewer is responsible for the overall financial leadership of Aldar including the oversight of group financial strategy, financial reporting, and corporate finance.

Prior to his roles at Aldar, Mr. Fewer was Deputy Head of Structured Finance & Capital Markets at Mubadala where he was jointly responsible for Mubadala's overall debt raising activities and overseeing Mubadala's investment program in the commercial finance market.

He holds a BComm (Hons) from the University of Manitoba and an MBA from London Business School.

Fahad Al Ketbi

Chief Operations Officer

Fahed Al Ketbi is Chief Operations Officer of Aldar Properties PJSC. Previously, Mr. Al Ketbi served as the Chief Commercial Officer at Sorouh Real Estate PJSC.

Prior to joining Sorouh, Mr Al Ketbi was a commissioned officer in the UAE Military Forces, rising to the position of Colonel and Director of the Corps of Engineers.

Mr Al Ketbi holds a Masters of Science from the National Defense University, Washington, DC with a major in strategy and a Bachelor of Science in Civil Engineering from the University of Hartford, Connecticut, USA.

Jassem Saleh Busaibe

Chief Asset Management Officer

Mr. Busaibe has over 15 years of experience in the fields of finance and investment, having held a number of high profile roles at several private and public companies in Abu Dhabi. He was most recently the CFO of SENAAT and prior to that served as CEO of Arady Properties, an investment company focused on the private equity and real estate sectors in the GCC, and was formerly Senior Vice President of Private Equities at Invest AD - the Abu Dhabi Investment Company. Prior to that, he spent seven years at the Abu Dhabi Investment Authority (ADIA), where he worked as a Portfolio Manager focusing on European Equities. Mr. Busaibe is a CFA Charter holder and holds a M.Sc. in Finance from London Business School, UK.

Paul Warren

Chief Strategy Officer

Paul Warren is the Chief Strategy Officer for Aldar Properties PJSC., Mr. Warren is responsible for providing senior strategic advice to the CEO and Board of Directors.

Mr. Warren has held senior roles in government, private equity and investment banking, including Assistant Secretary for Housing in Hong Kong, and six years at JPMorgan (USA) where he was Vice President of Investment Banking. He was also a founding partner of both Capital Z Investments(New York), a $3.2 billion buyout fund dedicated to acquisitions in the financial services industry.

He has served on numerous boards for both public and private entities in the United States, UK and Argentina.