Global law firm, Dentons has played a pivotal role on behalf of Abu Dhabi Islamic Bank (ADIB) in securing an AED 1 billion sustainability-linked financing for Aldar Properties (Aldar). In this groundbreaking financing arrangement, Aldar has committed to a specified investment in one or more qualifying environmental, social, and governance (ESG) projects should it fall short of predefined annual ESG targets.
These targets, closely aligned with Aldar’s sustainability strategy, were carefully chosen for their significance to both Aldar and the broader real estate sector. Dentons provided advisory services to ADIB as the exclusive financier in this transaction.
The Dentons team was led by Abu Dhabi Managing Partner Nathaniel Armstrong (pictured) with assistance from Shaakir Daud and Najeeb Gill.