Joseph Glatt, Nadeem Waeen, Christopher Sullivan, David Thomas
March 4, 2026
Apollo Invests Additional $1 Billion in Aldar

1 min
AI-made summary
- • Paul, Weiss advised Apollo-managed funds in a $1 billion investment in subordinated hybrid notes issued by Aldar Properties PJSC. • The investment is among the largest-ever foreign direct investments in Abu Dhabi’s private sector and significant for the region. • Proceeds will support Aldar’s balance sheet, growth agenda, landbank replenishment, portfolio expansion, and strategic acquisitions. • The transaction increases Apollo’s total aggregate commitments to Aldar to $2.9 billion. • The Paul, Weiss team was led by corporate partners Joseph Glatt, Nadeem Waeen, Christopher Sullivan, and counsel David Thomas.
Paul, Weiss advised funds managed by Apollo in their $1 billion investment in subordinated hybrid notes issued by Aldar Properties PJSC, a leading UAE-based real estate developer and investment manager. The capital infusion is among the largest-ever foreign direct investments in Abu Dhabi’s private sector and among the largest corporate hybrid private placements in the region.
Proceeds from the investment will 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. The transaction builds on Apollo’s long-term strategic partnership with Aldar, bringing its total aggregate commitments to $2.9 billion to date.
The Paul, Weiss team was led by corporate partners Joseph Glatt, Nadeem Waeen and Christopher Sullivan and counsel David Thomas.
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Joseph Glatt, Nadeem Waeen, Christopher Sullivan, David Thomas
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