Cash infusion to accelerate global growth and expansion
Emirates NBD has announced the successful execution of a US$ 250mn syndicated term loan facility (Project Radium II) for Dar Global, the London-listed luxury international real estate developer.
Dar Global, which is majority owned by Dar Al Arkan Real Estate Development Company, secured this financing as part of its continued growth and expansion across key global markets.
Emirates NBD Capital acted as the Joint Mandated Lead Arranger, Bookrunner and Sole Documentation Agent to execute the US$ 250mn deal. The financing will support Dar Global’s global expansion plans, enabling the leading real estate developer to accelerate existing projects and pursue new property developments across key markets.
Tailored financing solutions
“We are pleased to have structured a facility that aligns with Dar Global’s business ambitions, underlining our commitment to delivering tailored financing solutions that support the sustained growth of the luxury real estate sector across key global markets,” stated Ahmed Al Qassim, Group Head of Wholesale Banking, Emirates NBD.
This deal underscores Emirates NBD’s central role in structuring and delivering the facility, with the Bank driving the documentation process through to a timely and successful close.
“This facility, structured with Emirates NBD, brings together a strong group of financial institutions supporting Dar Global’s continued growth. It enhances our liquidity and provides the flexibility to advance our existing developments while maintaining a disciplined and selective approach to new opportunities,” added Ziad El Chaar, CEO, Dar Global.
