Emirates NBD has announced its successful arrangement and coordination of a $250 million syndicated loan facility for Dar Global, a global developer of luxury real estate projects listed on the London Stock Exchange. This transaction, known as the “Radium 2 Project,” supports Dar Global’s expansion plans, which is primarily owned by Dar Al Arkan Real Estate Development, enabling the company to accelerate its current projects and pursue new development opportunities globally.
Emirates NBD Capital played a key role as the lead joint coordinator, bookrunner, and exclusive documentation agent, highlighting its essential part in finalizing the deal. The financing was structured in collaboration with several regional banks, providing the financial flexibility necessary for the company’s needs and future plans.
The bank emphasized that this transaction showcases its capabilities in structuring and distributing large-scale syndicated financing, reinforcing its position as a reliable partner for the real estate development sector both regionally and internationally, especially amid the ongoing momentum in global property markets.
Ahmed Al Qassim, Group Head of Business Banking at the bank, noted that this deal enhances global financial institutions’ confidence in the bank’s ability to innovate and implement comprehensive financing solutions. He pointed out that the strong interest from lenders reflects the bank’s robust network and the growing demand for loans linked to the real estate sector. He added that the facilities have been crafted to align with Dar Global’s aspirations and support the growth of the luxury real estate sector in international markets.
Ziad Al Shaar, CEO of Dar Global, mentioned that the syndicated financing includes a variety of financial institutions supporting the company’s growth strategy, indicating that it will enhance liquidity and provide greater flexibility for current projects while maintaining a disciplined approach to exploring new opportunities in global markets.
This achievement underscores Emirates NBD’s leading role in the syndicated financing landscape and its capacity to efficiently manage complex financing operations, thereby bolstering support for its clients’ growth and expansion plans, both domestically and internationally.