ADIB and Aldar Properties close AED 1 billion Sustainability Linked Financing Deal
Abu Dhabi, 20 December 2023: Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has arranged an AED 1 billion sustainable bilateral facility for Aldar Properties PJSC (Aldar). The financing takes Aldar’s total ESG financing facilities to AED 4.8 billion as the company transitions towards sustainable financing for its projects and investments. The transaction underscores both entities’ commitment to supporting environmentally beneficial projects aligned with the UAE Net Zero by 2050 strategic initiative.

ADIB acted as the sole facility provider and Aldar intends to utilize the proceeds to finance sustainable projects such as green buildings, property upgrades to enhance energy efficiency, sustainable water management, pollution control measures, and renewable energy sources.
Continue reading ADIB and Aldar Properties close AED 1 billion Sustainability Linked Financing Deal
