Aldar Properties Secures $1.36 Billion Sustainability-Linked Credit 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 major banks like 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. The facility includes both conventional and Islamic tranches in dirhams and dollars, marking the developer's second such sustainability-linked deal following a Dh9 billion raise in January 2025. Faisal Falaknaz, Group Chief Financial and Sustainability Officer, emphasized that the strong liquidity supports strategic priorities across development and investment platforms. Despite regional geopolitical tensions, Aldar reports that its 2026 handover schedule remains unaffected, with significant contracts awarded recently. This move aligns with the company's broader growth strategy, which also included raising funds through hybrid notes and green sukuk issuances earlier in the year, reinforcing its financial stability amid a continuing property boom in the UAE.
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Aldar Properties Secures $1.36 Billion Sustainability-Linked Credit 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 major banks like 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. The facility includes both conventional and Islamic tranches in dirhams and dollars, marking the developer's second such sustainability-linked deal following a Dh9 billion raise in January 2025. Faisal Falaknaz, Group Chief Financial and Sustainability Officer, emphasized that the strong liquidity supports strategic priorities across development and investment platforms. Despite regional geopolitical tensions, Aldar reports that its 2026 handover schedule remains unaffected, with significant contracts awarded recently. This move aligns with the company's broader growth strategy, which also included raising funds through hybrid notes and green sukuk issuances earlier in the year, reinforcing its financial stability amid a continuing property boom in the UAE.
tribune