"Aldar Real Estate" It confirms the continuity of its operational operations in the Emirates

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Abu Dhabi, 6 March / WAM / Aldar Properties confirmed that its operational operations in the UAE are proceeding at a regular pace, noting that its various activities, including residential communities, commercial destinations, office assets, logistical facilities, hotels, schools and development sites, continue to perform at full operational capacity, in light of the strength of its operational and financial conditions.

Aldar explained that the work teams in its various sectors continue during this period to intensify their efforts to support residents and limit any impact that may occur on the pace of daily life, as the community management teams have strengthened communication channels with residents and tenants, in addition to launching community initiatives and organizing various activities directed at families and children, while the hospitality teams continue their work in coordination with partners and stakeholders to support visitors affected by travel conditions, ensuring the provision of the best possible experience for guests.

She added that the company continues to manage its operations according to a well-established system of systems and procedures that ensure business continuity and enhance the efficiency of risk management across its various operational operations, noting that its technical architecture was designed based on cloud geographic redundancy mechanisms and distributed systems, ensuring continuity of communication with customers and maintaining smooth operational performance without interruption.

The company indicated that it manages its outstanding debts according to a balanced and thoughtful approach, as the group does not face any major refinancing requirements during the next two years, in addition to benefiting from a diverse financing base that includes banking and capital markets, without any interruption in the available financing channels.

Aldar pointed out that its recent issuances in the capital markets, including hybrid issuances and the offering of green sukuks and sustainability-related facilities, contributed to strengthening Aldar’s capital structure and raising its level of liquidity, thus supporting the stability of its financial and operational performance in the long term.