Aldar Properties Secures $1.36 Billion Sustainability-Linked Credit Facility for Expansion
Aldar Properties, Abu Dhabi’s largest listed real estate developer, has successfully secured a Dh5 billion ($1.36 billion) sustainability-linked revolving credit facility to fund its ongoing expansion efforts. The five-year agreement involves a syndicate of ten UAE, regional, and international financial institutions, including First Abu Dhabi Bank and Emirates NBD. This transaction significantly boosts Aldar’s liquidity position to nearly Dh38.2 billion, comprising cash reserves and undrawn committed facilities. It marks the developer’s second major sustainability-linked financing deal, following a Dh9 billion facility raised in January 2025. Faisal Falaknaz, Group Chief Financial and Sustainability Officer, emphasized that the strong liquidity supports Aldar’s strategic priorities and long-term value creation. Despite regional geopolitical tensions, Aldar reports that its 2026 handover schedule remains unaffected, with significant contracts awarded recently. The company continues to pursue aggressive growth strategies, evidenced by recent hybrid note issuances and partnerships with entities like Apollo Global Management. Moody’s reaffirmed Aldar’s Baa2 credit rating with a stable outlook in January, underscoring the firm's financial stability amidst a booming UAE property market.
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Aldar Properties Secures $1.36 Billion Sustainability-Linked Credit Facility for Expansion
Aldar Properties, Abu Dhabi’s largest listed real estate developer, has successfully secured a Dh5 billion ($1.36 billion) sustainability-linked revolving credit facility to fund its ongoing expansion efforts. The five-year agreement involves a syndicate of ten UAE, regional, and international financial institutions, including First Abu Dhabi Bank and Emirates NBD. This transaction significantly boosts Aldar’s liquidity position to nearly Dh38.2 billion, comprising cash reserves and undrawn committed facilities. It marks the developer’s second major sustainability-linked financing deal, following a Dh9 billion facility raised in January 2025. Faisal Falaknaz, Group Chief Financial and Sustainability Officer, emphasized that the strong liquidity supports Aldar’s strategic priorities and long-term value creation. Despite regional geopolitical tensions, Aldar reports that its 2026 handover schedule remains unaffected, with significant contracts awarded recently. The company continues to pursue aggressive growth strategies, evidenced by recent hybrid note issuances and partnerships with entities like Apollo Global Management. Moody’s reaffirmed Aldar’s Baa2 credit rating with a stable outlook in January, underscoring the firm's financial stability amidst a booming UAE property market.
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