Private Department of UAE Secures $817 Million Financing
Deal News | Aug 20, 2025 | Zawya
The Private Department of Sheikh Mohamed Bin Khalid Al Nahyan LLC (PD), a real estate firm linked to the Abu Dhabi ruling family, has successfully closed a substantial $817 million (3 billion AED) syndicated real estate financing deal. This 10-year financing facility is intended to refinance existing bank debt, settle sukuk obligations, and enhance the firm's general corporate endeavors. PD's financing is backed by its expansive real estate portfolio across Abu Dhabi and Dubai. Leading the consortium of banks involved in the transaction are Abu Dhabi Commercial Bank and Mashreqbank, who played critical roles as Joint Coordinators and Account Banks, among other functions. PD, established in 1964 and fully owned by the ruling family members, boasts a diverse real estate portfolio which includes residential units, commercial spaces, and hotels. In 2023, PD executed a $50 million tap of its $300 million senior unsecured sukuk listed on the London Stock Exchange. S&P Global has rated PD as B+ (Stable), with its fixed assets valued at AED 6,230 billion as of year-end 2024.
Sectors
- Real Estate
- Financial Services
- Investment Banking
Geography
- United Arab Emirates – The article primarily involves companies and transactions within the UAE, specifically in Abu Dhabi and Dubai.
- London, United Kingdom – The sukuk issuance referenced is listed on the London Stock Exchange, linking it to the UK.
Industry
- Real Estate – The article discusses a significant financing deal involving a portfolio of real estate assets in Abu Dhabi and Dubai.
- Financial Services – The article involves multiple financial institutions playing roles in a significant syndicate financing arrangement.
- Investment Banking – Involvement of banks as arrangers and coordinators in the financing deal, highlighting roles typical in investment banking.
Financials
- $817 million – The amount for the syndicated real estate financing deal by PD.
- AED 6,230 billion – The valuation of fixed assets as of 31st December 2024 for PD.
- $300 million – The value of the senior unsecured sukuk issued in September 2022 under PD's $1 billion Trust Certificate Issuance Programme.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Private Department of UAE Sheikh Mohamed Bin Khalid Al Nahyan LLC | Target | Company | A real estate firm owned by the Abu Dhabi ruling family, engaging in a significant financing deal. |
| Abu Dhabi Commercial Bank | Joint Coordinator, Account Bank, Joint Mandated Lead Arranger, Bookrunner, Hedging Bank, Facility Agent, Security Agent | Company | A key financial institution involved in multiple roles for the financing deal. |
| Mashreqbank | Joint Coordinator, Account Bank, Joint Mandated Lead Arranger, Bookrunner, Hedging Bank | Company | A leading financial services institution partaking in various operative functions in the financing deal. |
| Commercial Bank of Dubai | Joint Mandated Lead Arranger, Bookrunner, Market Hedge Coordinator | Company | Another major bank involved in the orchestration of the financing arrangement. |
| S&P Global | Credit Rating Agency | Company | Provided a B+ (Stable) credit rating for the Private Department, assessing its creditworthiness. |