ALDAR CLOSES AED 5 BILLION SUSTAINABILITY-LINKED REVOLVING CREDIT FACILITY
·ADX·General Disclosure | Announcements·April 16, 2026·View on exchange
AI Summary
Aldar Properties closed an AED 5 billion ($1.36 billion) five-year sustainability-linked revolving credit facility involving 10 local and international banks.
The facility increases the company's total available liquidity to AED 38.2 billion, which includes AED 13.9 billion in cash and AED 24.4 billion in undrawn committed facilities.
The transaction features both conventional and Islamic tranches in AED and USD currencies, with pricing linked to specific sustainability KPIs.
This is Aldar's second such facility, following an AED 9 billion transaction in January 2025 and the reaffirmation of its Baa2 stable credit rating by Moody's in January 2026.