Abu Dhabi Ruling Family Firm Secures $817M Syndicated Real Estate Financing

Abu Dhabi, UAE – August 20, 2025 - The Private Department of UAE’s Sheikh Mohamed Bin Khalid Al Nahyan LLC (PD) has successfully closed a syndicated financing deal worth USD 817 million (AED 3 billion), marking a strategic leap in its capital structure and financial flexibility.

The 10‑year facility is earmarked to refinance existing bank debt, settle sukuk obligations, and support PD’s general corporate purposes. Secured by a high-quality real estate portfolio spanning Abu Dhabi and Dubai, the loan reinforces PD’s balance sheet and underlines institutional confidence in its long-term vision.

Key Banking Consortium & Roles

A consortium of prominent UAE banks structured the financing:

• Abu Dhabi Commercial Bank (ADCB) and Mashreqbank served as Joint Coordinators and Account Banks.
• ADCB, Commercial Bank of Dubai (CBD), and Mashreqbank acted as Joint Mandated Lead Arrangers, Bookrunners, and Hedging Banks.
• Additional assignments included ADCB taking on the roles of Facility Agent and Security Agent, while CBD was designated Market Hedge Coordinator.

A Strategic Milestone for PD

Dr. Ahmed Mansour, Chief Executive Officer of PD, hailed the syndicate as a “milestone achievement.” He said:

“This is a milestone achievement. The Private Department has just managed to deliver one of its biggest goals in its financing strategy by closing this syndicate as well as updating its Debt Capital Market Programme. This marks one of the largest syndicated loans in the UAE Real Estate market... The loan syndicate with the attached terms… will significantly support the liquidity position… positively reflected in the Private Department’s future Credit Rating and future Capital Market Issuances.”

PD’s Portfolio & Financial Position

Founded in 1964, PD is wholly owned by members of the Abu Dhabi ruling family. Its diversified, recurring-income real estate holdings include:

• Approx. 2,500 residential units
• Around 60,009 sqm of commercial space
• Operational five-star hotels in both Abu Dhabi and Dubai

In 2023, PD successfully settled a USD 50 million tap on its USD 300 million senior unsecured sukuk, which was issued in September 2022 under its broader USD 1 billion Trust Certificate Issuance Programme.

According to PD’s April 2025 financial report, S&P Global has assigned a rating of B+ (Stable) to the company. As of 31 December 2024, PD’s fixed assets were valued at AED 6,230 billion.

This landmark financing underscores PD’s refined approach to capital management. The agreement:

• Positions PD to optimize its capital markets programme
• Enhances liquidity and future issuance capabilities
• Reflects enduring institutional trust in its financial strategy and asset quality