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FINANCIAL NEWS
Abu Dhabi’s Aldar secures USD1.09b loan
17 Apr 2012
(MENAFN) Abu Dhabi-based Aldar Properties said it has signed a USD1.09 billion credit facility deal with a local lender in a bid to help the struggling developer manage its liquidity needs, Reuters reported.
The emirate’s flagship developer said that the three-year revolving facility will be used for general business purposes.
The funds from the deal will allow the company to manage its working capital and liquidity requirements over the next three years, Aldar added.
The developer behind Yas Marina Formula One circuit has been bailed out twice by the Abu Dhabi government with rescue packages totaling over USD10 billion.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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