Today's Edition
ABU DHABI (ALETIHAD)
Aldar Properties has closed a Dh5 billion five-year syndicated sustainability-linked revolving credit facility (RCF).
The transaction attracted participation from 10 local, regional and international banks, reflecting confidence in Aldar’s credit profile and the UAE’s economic and real estate market fundamentals, a statement by the company said.
The participating banks were 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, Dubai Islamic Bank, Emirates Islamic, Emirates NBD Bank, First Abu Dhabi Bank, Industrial and Commercial Bank of China Limited, and SMBC (Sumitomo Mitsui Banking Corporation).
The facility strengthens Aldar’s liquidity position to Dh38.2 billion, including Dh13.9 billion in cash and Dh24.4 billion in undrawn committed facilities. The company’s average senior debt maturity stands at five years, while undrawn committed facilities have an average maturity of three-and-a-half years.
Faisal Falaknaz, Group Chief Financial and Sustainability Officer at Aldar, said, “This transaction reflects the strength and stability of Aldar’s diversified business, as well as the depth of our relationships with local, regional and international financial institutions. The syndication and book-building process commenced in February and progressed in line with the original plan, supported by leading banks, demonstrating a strong commitment to Aldar and the UAE economy. 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 company said the senior unsecured committed multi-tranche facility includes both conventional and Sharia-compliant tranches across dirham and US dollar currencies and is structured as a revolving facility linked to a floating rate.
It is also tied to sustainability key performance indicators, aligning with Aldar’s environmental, social and governance targets.
The facility follows Aldar’s previous Dh9 billion sustainability-linked revolving credit facility raised in January 2025, as well as earlier capital market transactions completed this year, further strengthening its capital structure and financial flexibility.
Moody’s reaffirmed Aldar’s Baa2 credit rating with a stable outlook in January 2026, a rating the company has maintained since 2017, the statement added.
