Al­dar prop­er­ties com­pletes 100% take over of Khidmah FM

Abu Dhabi-based prop­erty de­vel­oper buys out re­main­ing stake of 40% in the FM com­pany

Facilities Management Middle East - - CONTENTS -

Al­dar Prop­er­ties to­day an­nounced that it has ac­quired 40% of prop­erty ser­vices com­pany Khidmah tak­ing its to­tal own­er­ship to 100% in the FM com­pany. The ac­qui­si­tion re­in­forces Al­dar’s po­si­tion in the prop­erty man­age­ment sec­tor.

A press state­ment re­vealed that the 100% own­er­ship of Khidmah will en­able Al­dar to “bet­ter serve both di­rect and in­di­rect cus­tomers through the in­te­gra­tion of cus­tomer man­age­ment be­tween the de­vel­oper and prop­erty/ fa­cil­ity man­ager”.

Khidmah is in­volved in sev­eral sec­tors such as govern­ment and cor­po­rate to the FM con­sul­tancy space.

Com­ment­ing on the ac­qui­si­tion, Talal Al Dhiyebi, chief ex­ec­u­tive of­fi­cer, Al­dar Prop­er­ties said, “We are de­lighted to com­plete this ac­qui­si­tion and ac­quire the re­main­ing 40% of Khidmah. Al­dar has long been com­mit­ted to the on­go­ing suc­cess of this busi­ness, and this ac­qui­si­tion re­in­forces that com­mit­ment to Khidmah, and most im­por­tantly to our val­ued real es­tate clients across the UAE and Saudi Ara­bia. From an Al­dar per­spec­tive, cus­tomers have long viewed Khidmah as an ex­ten­sion of our brand and val­ues, and this en­sures that we now have com­plete con­trol over that process.”

Jassem Saleh Bu­saibe, chair­man of Khidmah said, “Khidmah has won mul­ti­ple awards for its in­te­grated real es­tate so­lu­tions, and has a strong track record in deal­ing with govern­ment, cor­po­rate and re­tail cus­tomers across the UAE and Saudi Ara­bia.

“This ac­qui­si­tion by Al­dar comes at a time when it has won a num­ber of pres­ti­gious con­tracts, com­pleted sev­eral han­dovers of res­i­den­tial de­vel­op­ments, and has an en­vi­able pipe­line of op­por­tu­ni­ties which will con­tinue on en­sur­ing that cus­tomer sat­is­fac­tion is our num­ber one pri­or­ity. We look for­ward to work­ing even closer with our stake­hold­ers.”

Al­dar is a promi­nent Abu Dhabi de­vel­oper.

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