Apollo Global Management, Inc. (NYSE:APO) on Friday announced that Apollo-managed funds have invested $1 billion in subordinated hybrid notes issued by Aldar Properties PJSC, a leading UAE-based real estate developer and investment manager.

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This marks the fifth investment in the company since 2022 and brings total commitments to approximately $2.9 billion to date.

This investment aims to enhance Aldar’s balance sheet flexibility and support its growth agenda, which includes landbank replenishment and strategic expansions and acquisitions.

The transaction is noted as one of the largest foreign direct investments in Abu Dhabi’s private sector, further solidifying Apollo’s role as a capital partner for leading global companies.

Aldar’s ongoing expansion and robust performance have been highlighted by its management, reflecting confidence in its financial strategy and growth trajectory.

Faisal Falaknaz, Group Chief Financial and Sustainability Officer at Aldar, said, “The issuance provides Aldar with long-term, flexible capital that enhances balance sheet resilience and supports our ability to capitalise on attractive opportunities across our core markets.”

“Importantly, it elevates Aldar’s share of stable, recurring income generated by AIP’s high-quality, diversified portfolio, which will continue to ...