Aldar Properties

Aldar Properties PJSC (“Aldar”) has issued USD 1.0 billion in subordinated hybrid notes to Apollo Global Management (“Apollo”) through a private placement, raising additional capital to support its strong growth momentum. The transaction optimises Aldar’s capital structure, with the notes issued at Aldar level and net proceeds injected as equity into Aldar Investment Properties (AIP), which holds income-generating real estate assets. This transaction includes repayment of USD 500 million perpetual subordinated notes issued by AIP to Apollo as part of the initial USD 1.4 billion debt and equity investment by ...