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Debt Investors

Approach To Leverage

01

Approach to leverage - conservative dept

Aldar maintains a conservative financial debt policy to optimise gross debt capacity across both the Investment business (Aldar Investment) and development business.

02

Approach to leverage - corporate structure

Corporate structure enables our Investment business to operate more independently to drive greater operational and capital efficiency.

03

Approach to leverage - credit rating

Aldar Investment attained Baa1 credit rating and successfully raised two $500 million sukuks in September 2018 and October 2019 respectively, supported by its high quality, diverse asset base.

04

Approach to leverage - separate debt policies

Strong governance in place – separate debt and dividend policies for both Investment  and development businesses.

05

Approach to leverage - balance sheet

As 30 at June 2020 the balance sheet remains robust with cash plus available and undrawn liquidity lines of AED 6.5 billion.

06

Approach to leverage -debt policy

Conservative debt position, with existing debt levels well within stipulated policy LTV ranges for both Investment business of 35-40% (37.2%) and development business < 25% (9.5%) as of 30th Sep 2020.

Approach to leverage

Financial Ratio

Baa2 (stable)

LTV 9.5% 

Development

Baa1 (stable)

Aldar Investment Properties LLC

Credit Rating

TITLE MOODY'S
Outlook Stable
Credit Assessment Baa1

Credit Rating

Issuance

PROGRAM CURRENCY TENOR MATURITY COUPON SIZE(US$M)
Sukuk US$ 7 years 29/05/25 4.750% $500
Sukuk US$ 10 years 22/10/29 3.87% $500

Investor Relations Contact

Samar V3 2x

Samar Khan

+97128105866
Investors relations contact_Samar Khan
Investors contact - placeholder image

Basma Almheiri

+97128105555