The headquarters of Aldar Properties at Al Raha Beach in Abu Dhabi
Apollo to invest $1.4 billion in Abu Dhabi’s Aldar
The deal will see Apollo Global Management take a minority stake in in Aldar's investment unit.
Monday 14/02/2022
The headquarters of Aldar Properties at Al Raha Beach in Abu Dhabi
DUBAI - Apollo Global Management will invest $1.4 billion in Abu Dhabi developer Aldar Properties in a deal that includes Apollo taking a minority stake in Aldar's investment unit, Aldar said on Monday.
Apollo-managed funds and clients will also invest $500 million into a land joint venture with Aldar, which built the Abu Dhabi Formula One race track and counts Abu Dhabi state fund Mubadala among its shareholders.