The Private Department of Sheikh Mohamed Bin Khalid Al Nahyan, fully owned by members of Abu Dhabi’s ruling family, has secured AED3 billion (USD 817 million) to support fresh investments.
The financing, structured as a 10-year syndicated loan, was arranged by a group of domestic lenders, with Abu Dhabi Commercial Bank, Commercial Bank of Dubai, and Mashreq acting as joint mandated lead arrangers, bookrunners, and hedging banks.
Funds from the facility will also be allocated towards refinancing existing bank debt on more favourable terms, settling sukuk obligations, and meeting general corporate needs. The loan is backed by a real estate portfolio spanning Abu Dhabi and Dubai.
“The syndicated facility aligns with the Private Department’s funding strategy and the evolution of its future capital structure,” stated CEO Ahmed Mansour.
Founded in 1964, the Private Department manages a portfolio that includes more than 2,500 income-generating residential units, 60,000 square metres of commercial space, and two five-star hotels in Abu Dhabi and Dubai.
According to its April 2025 investor presentation, the company anticipates working capital requirements of AED300 million in 2025, earmarked for interest payments of AED232 million, direct expenses of AED33 million, and AED35 million for general operations.
