"The house" Closes a sustainability-related credit facility worth 5 billion dirhams
Abu Dhabi, April 16 / WAM / Aldar Group successfully closed a joint sustainability-linked revolving credit facility worth AED 5 billion, equivalent to $1.36 billion, for a five-year, multi-tranche, unsecured credit facility.
The deal attracted the participation of 10 prominent local, regional and international financial institutions, which reflects the strong confidence in Aldar’s creditworthiness and the flexibility of its diversified business model, as well as the strength of the foundations of the UAE economy and the country’s real estate market.
This facility raised the level of liquidity available to Aldar to 38.2 billion dirhams, including 13.9 billion dirhams in cash balances and 24.4 billion dirhams in confirmed, undrawn bank facilities, noting that the average maturity of the group’s senior debt is five years, while the average maturity of confirmed, undrawn facilities is three and a half years.
Faisal Falaknaz, CEO of Finance and Sustainability at Aldar Group, said that this deal reflects the strength and stability of the group’s business and the diversity of its operations, stressing the strength of its relationships with local, regional and international financial institutions.
He explained that the process of collecting the loan and building the order book, which began in February, went according to the specified plan with the support of leading banks that renewed their commitment to Aldar and the UAE’s economy, indicating that this exceptional level of liquidity will enable the group to continue implementing its strategic priorities in the development and investment platforms, in addition to serving communities and achieving sustainable and long-term economic value for all stakeholders.
A group of international, regional and local financial institutions, including new lenders, participated in the joint financing process.
The facility structure provides maximum flexibility to participating banks, and expands the demand base through tranches in dirhams, dollars, conventional and Sharia-compliant formats, as well as being linked to Aldar’s sustainability initiatives.
The list of participating banks included: Abu Dhabi Commercial Bank, Al Ahli Bank of Kuwait K.S.C.P. – Abu Dhabi Branch, Arab Bank for Investment and Foreign Trade (Al Masraf), Commercial Bank of Dubai PJSC, Dubai Islamic Bank, Emirates Islamic, Emirates NBD, First Abu Dhabi Bank, Industrial and Commercial Bank of China Limited, and Sumitomo Mitsui Banking Corporation.
This facility consolidates Aldar’s proven track record in obtaining various sources of financing, as Aldar previously completed the issuance of hybrid capital bonds worth 3.67 billion dirhams ($1 billion) and a private placement of the same value with Apollo Global Management Company.
It also follows the closing of a syndicated sustainability-linked revolving credit facility worth AED 9 billion in January 2025. Together, these deals strengthened Aldar’s capital structure, financial flexibility and the solidity of its balance sheet.
The new facility combines traditional and Sharia-compliant tranches in dirhams and dollars, and is structured as a confirmed and revolving credit facility linked to a variable interest rate.
The facility is also linked to key performance indicators for sustainability, to reinforce its commitment to achieving measurable goals in the field of environmental, social, governance and responsible business practices.
By integrating sustainability criteria into its financing framework, Aldar strengthens its position as a model for sustainable growth and supports its ambition to achieve long-term value for stakeholders.
In January 2026, Moody’s reaffirmed Aldar’s credit rating at Baa2 with a stable outlook, a rating given to Aldar for the first time in 2017. Since then, Aldar has maintained a stable investment grade rating that remains a fundamental pillar of its capital raising strategy across the various components of its capital structure.
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