Aldar Properties Announces Board and Management Changes 

Abu Dhabi - UAE, November 13, 2017: Aldar Properties PJSC ("the Company"), Abu Dhabi's leading listed property development, investment and management company, is delighted to announce two important appointments. At yesterday's Board meeting, the Directors of the Company appointed His Excellency Mohamed Khalifa Al Mubarak to the Board, as its Chairman. The appointment of His Excellency Mohamed Khalifa Al Mubarak to the Board is consistent with the company's efforts to implement high standards of corporate governance.

In making this appointment, the Board also took into account His Excellency's unique expertise and experience, which will be crucial as Aldar enters the next phase of its growth. The Board also appointed HE Abubaker Seddiq Al Khoori as Vice Chairman along with HE Waleed Ahmed Al Mokarrab al Muhairi. In addition, the Board has appointed Mr. Talal Al Dhiyebi as Chief Executive Officer. Mr. Al Dhiyebi has served with distinction as the company's Chief Development Officer since February 2015 and has been instrumental in the company's successful growth.  The Board believes that this is exactly the right time for Mr. Al Dhiyebi to step up to the role of CEO and is confident that he will continue to guide the company to further success.