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Company News - Sorouh


Environment Agency - Abu Dhabi (EAD) Signs Agreement With Sorouh To Develop ’Green Your Life’ Feature On Environment Agency - Abu Dhabi (EAD) Website (9 September 2008)
The feature, called Green Your Life, will be a 3D virtual home tour providing practical tips to the community to conserve water, energy and reduce waste around their own home.

Sorouh Signs First Financing MoU For The Gate District (27 August 2008)
ADCB is the first bank to date to approve financing for residential property sales for towers 1-3 in The Gate District, a joint venture between Sorouh and Tameer Holding Investment LLC.

Sorouh Signs First Financing Memorandum Of Understanding (MoU) For The Gate District (24 August 2008)
The ADCB financing options available to Sorouh customers include the best repayment period in the UAE - up to 25 years.

Sorouh Appoints New Director (11 August 2008)
His experience will add a strong strategy focus for Sorouh to conceptualize, plan and deliver premium real estate in Abu Dhabi.

Sorouh Quarterly Updates on Construction Works at Shams Abu Dhabi on Al Reem Island (30 July 2008)
The bridge contract is supervised by Cansult Maunsell. Nurol, the contractor, started work in May 2007 and is scheduled to finish by the third quarter of 2009. Concrete substructure construction has commenced and is so far 30% complete.

Sorouh Exceeds Analyst Expectations By Reporting 75 Per Cent Growth In Net Profit To AED 977 Million In First Half Of 200 (24 July 2008)
Revenue from land sales, as well as rental income, grew by 57 per cent to AED 1,693 million (H1 2007: AED 1,081 million).

Sorouh Exceeds Analyst Expectations By Reporting 75 Per Cent Growth In Net Profit To AED 977 million In First Half Of 2008 (24 July 2008)
Sorouh Real Estate PJSC, the leading Abu Dhabi-based real estate developer, today announced a 75 per cent growth in net profit to AED 977 million for the first half of 2008 (first half of 2007: AED 556 million).

Sorouh Real Estate Announces Support For Inaugural Summer In Abu Dhabi (24 July 2008)
Sorouh Real Estate P.J.S.C., one of the UAE’s leading property companies, today announced its sponsorship of ’Secret Story Book Garden’, an interactive storytelling zone and a popular attraction at the ongoing Summer in Abu Dhabi family festival.

New Asset Management Executive Director for Sorouh Real Estate (23 July 2008)
Sutton Turner joins the company as Executive Director, responsible for Asset and Property Management Services for Sorouh’s AED 45 billion in properties under development.

Noor Islamic Bank Signs Mou With Abu Dhabi’s ALDAR Properties And Sorouh Real Estate (10 July 2008)
Noor Islamic Bank PJSC (NIB) today announced that it has entered into a financing agreement with ALDAR Properties and Sorouh Real Estate, two of Abu Dhabi’s largest developers, to provide up to a maximum of 90 per cent financing for their residential developments.


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