Aldar board to meet on January 28

Abu Dhabi: Aldar Properties, Abu Dhabi's biggest real estate developer by market capitalisation, said on Friday its board of directors will meet on January 28 to take stock of the company's financial performance in 2008.

"At this meeting, the board of directors will consider, and if appropriate, approve the financial accounts of the company for the period January 1 to December 31 2008," Aldar said in a notice to the Abu Dhabi Securities Market, where it is listed.

Aldar's shares closed marginally higher at Dh4.03 on Thursday, on a declining market.

So far, Aldar has not slowed down or put on hold any of its projects due to the global financial crisis. Neither has it laid off staff to cut costs.