UAE-based Aldar Properties

 Aldar Closes $1.4 Billion Sustainable Credit Facility

Aldar Group has successfully closed a five-year, multi-tranche, unsecured, AED 5 billion (US$1.4 billion) sustainability-linked revolving credit facility.

The transaction attracted participation from 10 leading local, regional, and international financial institutions, reflecting strong confidence in Aldar’s creditworthiness, the resilience of its diversified business model, and the robust fundamentals of the UAE economy and real estate market.

This facility brings Aldar’s available liquidity to AED 38.2 billion, comprising AED 13.9 billion in cash and AED 24.4 billion in outstanding confirmed bank facilities. The average maturity of the Group’s senior debt is five years, while the average maturity of its outstanding confirmed facilities is three and a half years.

Faisal Falaknaz, Chief Financial and Sustainability Officer at Aldar Group, said the deal reflects the strength and stability of the Group’s business and the diversification of its operations, emphasizing the robustness of its relationships with local, regional, and international financial institutions.

He explained that the loan syndication and book-building process, which began in February, proceeded according to plan, supported by leading banks that reaffirmed their commitment to Aldar and the UAE economy. He noted that this exceptional level of liquidity will enable the Group to continue executing its strategic priorities in development and investment, while also serving communities and delivering sustainable, long-term economic value to all stakeholders.

A group of international, regional, and local financial institutions, including new lenders, participated in the syndicated financing.

The facility structure offers maximum flexibility to participating banks and broadens the demand base through tranches in dirhams and dollars, as well as conventional and Sharia-compliant structures, while also aligning with Aldar’s sustainability initiatives.

The participating banks included Abu Dhabi Commercial Bank, National Bank of Kuwait K.S.C.P. – Abu Dhabi Branch, Arab Bank for Investment and Foreign Trade (ABFT), Commercial Bank of Dubai PJSC, Dubai Islamic Bank, Emirates Islamic Bank, Emirates NBD, First Abu Dhabi Bank, Industrial and Commercial Bank of China Limited, and Sumitomo Mitsui Banking Corporation.

This facility reinforces Aldar’s track record of securing diversified funding sources. Earlier this year, Aldar completed a AED 3.67 billion (US$1 billion) hybrid equity bond issuance and a similar private placement with Apollo Global Management.

It also follows the closing of a AED 9 billion sustainability-linked revolving credit facility in January 2025. These transactions collectively strengthen Aldar’s capital structure, financial flexibility, and balance sheet.

The new facility combines conventional and Sharia-compliant tranches in dirhams and dollars and is structured as a revolving, secured credit facility with a variable interest rate.

The facility is also linked to key sustainability performance indicators, reinforcing the company’s commitment to achieving measurable environmental, social, governance (ESG) and responsible business practices.

By integrating sustainability criteria into its financing framework, Aldar is strengthening its position as a model for sustainable growth and supporting its ambition to deliver long-term value to its stakeholders.

In January 2026, Moody’s reaffirmed Aldar’s Baa2 credit rating with a stable outlook, a rating first assigned to the company in 2017. Since then, Aldar has maintained a stable investment-grade rating, which remains a cornerstone of its capital-raising strategy across its various capital structures.