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UAE's Aldar Properties Q1 profit drops, plans $749mln capex in 2019

Aldar Properties, the largest property developer in Abu Dhabi, plans capital expenditure of 2.75 billion dirhams ($749 million) in 2019, its chief financial officer said after the company reported a 17.3% drop in first-quarter profit. The state-linked builder of Abu Dhabi's Formula One circuit made a net profit attributable to…

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