Builds on Apollo's long-term strategic partnership with Aldar, with total transactions totalling approximately $2.9 billion to date
Investment to support Aldar's transformational growth plans and capital structure optimization
NEW YORK, Feb. 20, 2026 (GLOBE NEWSWIRE) -- Apollo (NYSE:APO) today announced that Apollo-managed funds have invested $1 billion in subordinated hybrid notes issued by Aldar Properties PJSC ("Aldar"), a leading UAE based real estate developer and investment manager. The investment builds on Apollo's long-term strategic partnership with Aldar and represents Apollo's fifth investment in Aldar since 2022, bringing aggregate commitments to $2.9 billion to date.
Proceeds from the investment are intended to support Aldar's balance sheet flexibility and strength, as well as its growth agenda, which includes landbank replenishment, expansion of its develop-to-hold portfolio, and strategic acquisitions.
Apollo Partner Jamshid Ehsani said, "Completing our fifth investment with Aldar speaks directly to Apollo's ability to structure flexible capital solutions that are responsive to the needs of both our corporate clients and our investors. Since our first transaction in 2022, Aldar has gone from strength to strength, with robust performance and portfolio expansion overseen by an experienced management team. This latest investment reflects Apollo's continued commitment to Abu Dhabi and the broader region."
Faisal Falaknaz, Group Chief Financial and Sustainability Officer at Aldar, said: "This transaction highlights the strength of our long-standing partnership with Apollo and the continued confidence of major institutional investors in ...
