Aldar Properties PJSC (“Aldar”) has successfully closed an AED 5 billion (USD 1.36 billion) five-year syndicated sustainability-linked revolving syndicated credit facility (RCF). The transaction attracted participation from 10 major UAE, regional and international financial institutions, reflecting strong confidence in Aldar’s credit strength, the resilience of its business model, and the UAE’s economic and real estate market fundamentals. The facility further strengthens Aldar’s liquidity position, bringing total available liquidity to AED 38.2 billion, including AED 13.9 billion in cash and AED 24.4 billion in undrawn committed facilities. The company’s average senior ...