Abu Dhabi – Mubasher: Aldar Properties has closed an AED 5 billion ($1.36 billion) five-year syndicated sustainability-linked revolving credit facility (RCF), according to a press release.
The transaction witnessed the participation of 10 major UAE, regional, and international financial institutions, reflecting strong confidence in Aldar’s credit strength and the resilience of the UAE's real estate market.
Moreover, the facility reinforces Aldar’s liquidity position, bringing total available liquidity to AED 38.20 billion, including AED 13.90 billion in cash and AED 24.40 billion in undrawn committed facilities.
The ADX-listed group’s average senior debt maturity stands at five years, while the average maturity of undrawn committed facilities is three-and-a-half years.
Faisal Falaknaz, Group Chief Financial and Sustainability Officer at Aldar, said: “With an exceptionally strong liquidity position, we will continue to advance our strategic priorities across Aldar’s development and investment platforms, delivering for our communities and creating long-term economic value for all stakeholders.”
The structure of the facility provides maximum optionality to participating banks and broadens the pool of demand given USD and AED tranches, conventional as well as Sharia-compliant formats, and linkage to Aldar’s sustainability initiatives.
Participating lenders were Abu Dhabi Commercial Bank (ADCB), Al Ahli Bank of Kuwait – Abu Dhabi Branch, Al Masraf, Commercial Bank of Dubai (CBD), Dubai Islamic Bank (DIB), Emirates Islamic Bank, Emirates NBD, First Abu Dhabi Bank (FAB), Industrial and Commercial Bank of China Limited, and SMBC (Sumitomo Mitsui Banking Corporation).
The facility builds on Aldar’s strong track record of accessing diverse funding sources, including a AED 3.67 billion ($1 billion) public hybrid notes issuance and AED 3.67 billion ($1 billion) private placement with Apollo completed earlier this year.
It also follows the AED 9 billion sustainability-linked syndicated revolving credit facility closed in January 2025. Together, these transactions boosted Aldar’s capital structure, enhanced financial flexibility, and reinforced resilience.
