Aldar has secured $1 billion in fresh capital from Apollo-managed funds through a private placement of subordinated hybrid notes, marking one of the region’s largest corporate hybrid transactions. The funding strengthens Aldar’s balance sheet while expanding its exposure to recurring income assets.
Net proceeds will be injected into Aldar Investment Properties, the platform that manages the group’s income-generating real estate portfolio. Part of the capital will also be used to repay $500 million in previously issued perpetual hybrid notes.
Following the transaction, Aldar’s ownership in the investment platform will rise to 90%, increasing its share of stable rental income. The platform continues to grow through acquisitions and a develop-to-hold pipeline valued at nearly $5 billion.
The latest deal brings Apollo’s total investment in Aldar to approximately $2.9 billion since 2022, underlining strong institutional confidence in the developer’s long-term growth strategy.
