Agility Global Backs Reem Mall with $400 Million Loan

Deal News | Jan 31, 2025 | Zawya

Abu Dhabi-listed Agility Global has granted a substantial $400 million loan to Al Farwaniya Property Developments, the developer behind Reem Mall. This financial support comes as Al Farwaniya works on securing an additional facility from third-party lenders. Reem Mall, which officially opened in June 2024, faced delays due to the COVID-19 pandemic. The loan is facilitated through a subsidiary of Agility Global, which is part of the Kuwait-listed Agility conglomerate.

Sectors

Real Estate Development
Financial Services
Retail and Shopping Malls

Geography

United Arab Emirates – Abu Dhabi, UAE, is the location of Agility Global and Reem Mall, the primary subjects in the article.
Kuwait – Agility, the parent company of Agility Global, is listed in Kuwait, making it relevant to the article.

Industry

Real Estate Development – The article involves the development of Reem Mall by Al Farwaniya Property Developments, which is an activity central to real estate development.
Financial Services – Agility Global's extension of a $400 million loan to Al Farwaniya Property Developments is a financial transaction indicative of the financial services sector.
Retail and Shopping Malls – Reem Mall, the beneficiary of the loan, is a player in the retail and shopping mall industry.

Financials

$400 million – The amount of the loan provided by Agility Global to Al Farwaniya Property Developments.

Participants

Name	Role	Type	Description
Agility Global	Lending Company	Company	A Abu Dhabi-listed entity that has provided a $400 million loan to Al Farwaniya.
Al Farwaniya Property Developments	Developer	Company	The owner and developer of Reem Mall, receiving financial support from Agility Global.
Reem Mall	Project	Company	A major shopping mall developed by Al Farwaniya and financed by Agility Global's loan.
Agility	Parent Company	Company	The Kuwait-listed parent company of Agility Global.