Oct. 31 (Bloomberg) -- Aldar Properties PJSC declined the most in a week after the Abu Dhabi-based developer announced plans to reduce its workforce by 24 percent.
The shares retreated as much as 1.9 percent to 1.05 dirhams at 11:05 a.m. in the emirate. The benchmark ADX General Index fell 0.2 percent.
The company will cut 105 jobs and “continue to concentrate on its core Abu Dhabi market,” it said in a statement today.
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