Emirates NBD upsizes S Dar Global syndicated D facilities by $165M

Emirates NBD upsizes S Dar Global syndicated D facilities by $165M

Dubai, UAE: Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region, has successfully upsized the syndicated facilities for Dar Global Plc by $165 million. The total amount now stands at $440 million [1].

Emirates NBD Capital, acting as the Initial Mandated Lead Arranger and Bookrunner, spearheaded the upsize. This enhancement will support Dar Global's global expansion plans, enabling the luxury real estate developer to accelerate existing projects and pursue new property developments across key markets [1].

Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD, stated, "We are pleased to structure a facility that perfectly aligns with Dar Global's business ambitions. This milestone is a testament to our expertise in delivering comprehensive financial solutions and reinforces our commitment to be a trusted partner in rapidly evolving global markets" [1].

The upsize was supported by Emirates NBD's diverse distribution capabilities, which enabled the bank to secure commitments for approximately half of the additional funding from external financial institutions including local and regional banks prior to closing the transaction [1].

Ziad El Chaar, CEO of Dar Global, commented, "The new Litmus financing facility will strengthen Dar Global’s liquidity with an additional $165 million, increasing the facility to $440 million. Underwritten by Emirates NBD and supported by ADCB, FAB, and Zand Bank, the structure is secured by pledge of shares and backed by corporate guarantees. This enhanced liquidity will accelerate the company’s existing projects and enable greater flexibility in pursuing new opportunities across the Middle East, Europe, and North America, reinforcing long-term resilience and execution capacity" [1].

About Emirates NBD
Emirates NBD is a leading banking group in the MENAT region with a presence in 13 countries, serving over 9 million active customers. As of June 30, 2025, total assets were AED 1.086 trillion (equivalent to approximately USD 295.7 billion) [1].

About Dar Global Plc
Dar Global Plc is a highly differentiated international real estate business focusing on developing real estate projects comprising second homes for internationally mobile customers. It operates in desirable locations across the Middle East and Europe [1].

References:
[1] https://www.tradingview.com/news/reuters.com,2025-08-25:newsml_Zaw4PPBLL:0-pressr-emirates-nbd-successfully-upsizes-syndicated-facilities-for-dar-global-to-440mln/