The Private Department of UAE’s Sheikh Mohamed Bin Khalid Al Nahyan LLC (PD), a firm owned by Abu Dhabi’s ruling family, has secured a $813 million (3 billion UAE dirhams) real estate financing deal.
This 10-year syndicated loan will be used to refinance existing bank debt, pay off sukuk obligations, and support general business operations. The loan is secured by a portfolio of real estate assets in Abu Dhabi and Dubai.
A consortium of banks was involved in the deal, with Abu Dhabi Commercial Bank (ADCB) and Mashreqbank serving as Joint Coordinators. Other key roles were handled by ADCB, Commercial Bank of Dubai (CBD), and Mashreq, which acted as Joint Mandated Lead Arrangers and Bookrunners. ADCB also served as the Facility and Security Agent.
Established in 1964, the PD holds a diverse portfolio of real estate, including 2,500 residential units, 60,009 square meters of commercial space, and hotels in Abu Dhabi and Dubai. The company is rated B+ (Stable) by S&P Global and had fixed assets valued at AED 6.23 trillion at the end of 2024.
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