The Sheikh Mohamed Bin Khalid Al Nahyan Private Department, which is owned entirely by Abu Dhabi royal family members, has raised AED3 billion (USD 817 million) via a 10 year syndicated loan to finance new investments, retire debt, and service corporate obligations.
The facility was arranged by a local lending consortium consisting of Abu Dhabi Commercial Bank, Commercial Bank of Dubai, and Mashreq, who were joint mandated lead arrangers, bookrunners, and hedging banks.
The loan is backed by a diversified portfolio of real estate properties in Abu Dhabi and Dubai.
"The syndicated facility complements the Private Department's funding plan and architecting its new future capital structure," said Ahmed Mansour, CEO of the Private Department.
Key highlights:
The loan proceeds will be utilized to refinance bank debt at more favorable terms, pay sukuk redemption, and for general corporate purposes.
The Private Department was founded in 1964 and has a substantial portfolio of 2,500 revenue-generating residential units, 60,000 sq m of commercial space, and two five-star hotels in Abu Dhabi and Dubai.
The business is forecasting 2025 working capital needs of AED300 million, which will meet AED232 million of interest charges, AED33 million of direct expenses, and AED35 million of operational costs, according to its April 2025 investor presentation.
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As at present, the Department's secured debt comprises AED1.3 billion held by Abu Dhabi Commercial Bank, which accounts for 49 percent of its overall debt exposure.
The funding represents a major milestone in rebalancing the Department's capital structure while helping sustain long-term investment strategies.
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