Dentons advised on AED 3 billion real estate financing for The Private Department of Sheikh Mohamed Bin Khalid Al Nahyan LLC
Dentons has advised Mashreqbank PSC (Mashreq) and Abu Dhabi Commercial Bank (ADCB) as Joint Coordinators, with Commercial Bank of Dubai (CBD) as a syndicate partner, in connection with the successful closing of a landmark AED 3 billion syndicated real estate financing for The Private Department of Sheikh Mohamed Bin Khalid Al Nahyan LLC (PD). Further, ADCB also acted as Facility Agent and Security Agent on the transaction.
The 10-year facility will be used to refinance PD’s existing bank debt on enhanced terms, settle sukuk obligations, and support general corporate purposes. The facility is secured by a high-quality portfolio of real estate assets across Abu Dhabi and Dubai, providing PD with long-term flexibility and reinforcing its balance sheet position.
This transaction, arranged by a consortium of leading local lenders, underscores PD’s commitment to broadening its banking relationships and reflects strong institutional confidence in PD’s financial strength and long-term vision.
The Dentons team was led by Nathaniel Armstrong (Partner, Abu Dhabi office managing partner), with assistance from Shaakir Daud (Senior Associate), Ben Suthers (Senior Associate), and Rory Donaldson (Associate). Hedging support was provided by Matthew Sapte (Partner) and Arun Bindra (Associate).
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