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Abu Dhabi's Aldar takes full control of FM company Khidmah

Aldar has acquired 40% stake in Khidmah, giving it full ownership of the FM firm

The UAE's Aldar has taken full control of FM company Khidmah [image: Aldar HQ in Abu Dhabi].
The UAE's Aldar has taken full control of FM company Khidmah [image: Aldar HQ in Abu Dhabi].

Abu Dhabi’s Aldar Properties has taken over facility management (FM) company Khidmah after acquiring 40% stake in the firm.

Aldar said its full ownership of Khidmah would allow it to better serve its direct and indirect customers “through the seamless integration of customer management” between the developer and property or facility manager.

READ: Abu Dhabi's new Aldar Investment to own $5bn property portfolio

Commenting on the development, Talal Al Dhiyebi, chief executive officer of Aldar, said: “This acquisition reinforces that commitment to Khidmah, and most importantly to our valued real estate clients across the UAE and Saudi Arabia.

“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.”

According to a report by UAE news agency, WAM, Jasem Saleh Busaibe, chairman of Khidmah, added: “This acquisition by Aldar comes at a time when Khidmah 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.”

Khidmah was recently awarded health and safety certifications for its operations in the UAE and Saudi Arabia. Following an audit by British Standards Institution (BSI), Khidmah’s UAE and Saudi offices received certifications accredited by the UK’s National Accreditation Body UKAS ISO 9001:2015 quality management systems; ISO 14001:2015 environment management systems; ISO 50001:2011 energy management systems; and the OHSAS 18001:2007 occupational health and safety management systems.

The FM company’s UAE portfolio includes 21km of Al Khan 1 and 2 beaches in Sharjah.

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Construction Week - Issue 752
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