Bloomberg News

Aldar Gains Most in Month Ahead of CFO Announcement

October 20, 2011

(Updates with closing prices in first, second paragraphs.)

Oct. 20 (Bloomberg) -- Aldar Properties PJSC gained the most in a month before announcing the appointment of a chief financial officer.

The shares advanced 2 percent, the most since Sept. 21, to 1.01 dirhams at the 2:00 p.m. close in Abu Dhabi. The benchmark ADX General Index fell less than 0.1 percent.

Aldar said on Oct. 17 that the board of directors will consider today appointing a replacement for Shafqat Ali Malik, who resigned this month.

--Editors: Claudia Maedler, Shaji Mathew

To contact the reporter on this story: Alaa Shahine in Dubai at asalha@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net


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