Approach to Leverage Investments

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

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

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.

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

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

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.