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Apollo To Invest In Aldar Through Landmark Us$1.4 Billion Transaction

Feb 14, 2022•almost 4 years ago
Abu Dhabi

Description

Aldar Properties PJSC (“Aldar”) and Apollo Global Management (“Apollo”) (NYSE: APO), one of the world’s largest alternative investment managers, have signed a landmark commitment that will see Apollo-managed funds and clients invest a total of US$1.4 billion in strategic capital to drive Aldar’s transformational growth initiatives.

Company Information

Company

Aldar

Location

Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates

About

The long-term deal, which will see Apollo and Aldar look at further opportunities in the future, will enable Aldar to accelerate and press forward with its transformational growth agenda. As a result of the transaction, which is expected to close by the end of Q1 2022, Aldar will receive significant cash proceeds that are earmarked to drive our transformational growth agenda as we look to accelerate the effective deployment of capital across our robust pipeline of development and value investment opportunities. Aldar operates according to high standards of corporate governance and is committed to operating a long term and sustainable business in order to provide ongoing value for its shareholders.