The Aldar Group has successfully secured a renewable credit facility linked to sustainability, amounting to 5 billion dirhams (approximately $1.36 billion) with a five-year term. The facility is multi-currency and unsecured.
This financing attracted participation from 10 prominent local, regional, and international financial institutions, reflecting strong confidence in Aldar’s creditworthiness and the resilience of its diversified business model, as well as the solid fundamentals of the UAE economy and the country’s real estate market.
This facility has increased Aldar’s available liquidity to 38.2 billion dirhams, which includes 13.9 billion dirhams in cash balances and 24.4 billion dirhams in confirmed undrawn banking facilities. The average maturity of the group’s senior debts is five years, while the average maturity of confirmed undrawn facilities is three and a half years.
Faisal Al Qanabi, the Chief Financial Officer and Head of Sustainability at Aldar Group, stated that this transaction underscores the strength and stability of the company’s operations and its diverse portfolio. He emphasized the robustness of its relationships with local, regional, and international financial institutions.
He added that the process of assembling the loan and building the order book, which began in February, progressed according to plan with the support of leading banks that renewed their commitment to Aldar and the UAE economy. This exceptional liquidity will enable the group to continue pursuing its strategic priorities within its development and investment platforms while also serving communities and delivering long-term sustainable economic value to all stakeholders.
The syndicated financing involved several international, regional, and local financial institutions, including new lenders.
The facility structure provides maximum flexibility for participating banks, broadening the demand base through tranches in dirhams and dollars, both conventional and Sharia-compliant, while also being linked to Aldar’s sustainability initiatives.
The participating banks included: Abu Dhabi Commercial Bank, National Bank of Kuwait – Abu Dhabi Branch, Arab Investment and Foreign Trade Bank, Dubai Commercial Bank, Dubai Islamic Bank, Emirates Islamic Bank, Emirates NBD, First Abu Dhabi Bank, Industrial and Commercial Bank of China, and Sumitomo Mitsui Banking Corporation.
This facility strengthens Aldar’s track record of securing diverse funding sources, following an earlier issuance of hybrid capital bonds worth 3.67 billion dirhams (approximately $1 billion) and a private placement of the same amount with Apollo Global Management earlier this year.
This latest credit facility comes after the closure of a 9 billion dirham sustainable revolving credit facility in January 2025. Together, these transactions have enhanced Aldar’s capital structure, financial flexibility, and the robustness of its balance sheet.
The new facility combines traditional and Sharia-compliant tranches in dirhams and dollars, structured as a confirmed and renewable credit facility tied to a variable interest rate.
It is also linked to key performance indicators for sustainability, reinforcing Aldar’s commitment to achieving measurable goals in environmental, social, and governance practices, as well as responsible business conduct.
By integrating sustainability criteria into its financing framework, Aldar solidifies its position as a model for sustainable growth and supports its ambition of delivering long-term value for its stakeholders.
In January 2026, Moody’s reaffirmed Aldar’s credit rating at Baa2 with a stable outlook, a rating initially granted in 2017. Since then, Aldar has maintained a stable investment-grade rating, which remains a fundamental pillar of its strategy for raising capital across various components of its capital structure.