Approach To Leverage
01
Aldar maintains a conservative financial debt policy to optimise gross debt capacity across both the Investment business (Aldar Investment) and development business.
02
Corporate structure enables our Investment business to operate more independently to drive greater operational and capital efficiency.
03
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
Strong governance in place – separate debt and dividend policies for both Investment and development businesses.
05
As 30 at June 2020 the balance sheet remains robust with cash plus available and undrawn liquidity lines of AED 6.5 billion.
06
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.

Financial Ratio
Baa2 (stable)
LTV 37.2%
Investment
LTV 9.5%
Development
Baa1 (stable)
Aldar Investment Properties LLC
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 |
AIP Financial Statements
and Presentations
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
2023
2022
2021
2020
2019
2018
Issuance documents
- 2019
- 2018
2019
2018
Investor Relations Contact

