The Private Department of Sheikh Mohamed Bin Khalid Al Nahyan, a long-standing real estate powerhouse tied to Abu Dhabi’s ruling family, has secured a major AED 3 billion ($817 million) financing deal backed by its vast property portfolio across the UAE.
The 10-year syndicated facility will be channeled into refinancing existing bank loans, meeting sukuk commitments, and fueling broader corporate needs. The agreement is anchored by real estate assets spread across Abu Dhabi and Dubai.
A coalition of leading banks steered the transaction, with Abu Dhabi Commercial Bank and Mashreqbank at the helm as Joint Coordinators and Account Banks. The lineup also saw ADCB, Commercial Bank of Dubai, and Mashreq take on the roles of Joint Mandated Lead Arrangers, Bookrunners, and Hedging Banks. ADCB doubled as Facility Agent and Security Agent, while CBD stepped in as Market Hedge Coordinator.
The Private Department, established in 1964 and fully owned by the ruling family, controls a wide-ranging portfolio that includes 2,500 residential units, 60,000 square meters of commercial space, and a collection of hotels across Abu Dhabi and Dubai.
In recent years, the group has tapped international markets to diversify its funding. In 2022, it issued a $300 million sukuk under its $1 billion trust certificate program on the London Stock Exchange, followed by a $50 million tap in 2023.
By the close of 2024, the firm reported fixed assets worth AED 6.23 billion, with a B+ (Stable) rating from S&P Global.
