Aldar Sells Yas Marina Assets to Abu Dhabi
2010-03-10 00:40:58

ARU DHABl -AldarProperties announced on Tuesday it sold some
infrastructure and property assets from its Yas Marina development to
the Abu Dhabi government for Dh9.14 billion, without making any profits.

"These assets were sold at book value and therefore there was no
profit recorded in the company's financial statements for 2009," the
company said in a regulatory filing. Among the properties that Aldar
sold are the racing circuit, marina and yacht club.

source: Khaleejtimes

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