{"id":91531,"date":"2024-05-01T00:00:00","date_gmt":"2024-05-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/dubai-holding-refinances-aed-30-bn-to-facilitate-nakheel-and-meydan-debt\/"},"modified":"2024-05-01T00:00:00","modified_gmt":"2024-05-01T00:00:00","slug":"dubai-holding-refinances-aed-30-bn-to-facilitate-nakheel-and-meydan-debt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/05\/01\/dubai-holding-refinances-aed-30-bn-to-facilitate-nakheel-and-meydan-debt\/","title":{"rendered":"Dubai Holding refinances AED 30 bn to facilitate Nakheel and Meydan debt"},"content":{"rendered":"

Dubai Holding refinances AED 30 bn for Nakheel + Meydan debt: <\/strong>Dubai Holding, the newly merged entity bringing together Nakheel and Meydan under the purview of Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum, is set to use a AED 30 bn (USD 8.2 bn) loan to refinance the debts of the two developers, Bloomberg<\/a> reports, citing people familiar with the matter.<\/p>\n

The details:<\/strong> The loan will be used to replace the facilities of the two state-backed developers, helping Dubai Holding capitalize on Dubai\u2019s current real estate boom. The transaction also helped secure more favorable terms for both companies\u2019 debts, according to the business information service\u2019s source.<\/p>\n

Refresher: <\/strong>Nakheel and Meydan merged into one entity held by Dubai Holding in March<\/a>, with Emirates Group CEO Sheikh Ahmed bin Saeed Al Maktoum at the helm.<\/p>\n

A possible listing in the coming years?<\/strong> The recent move by Dubai Holding\u2019s CEO Amit Kaushal to merge and refinance the two entities could signal a potential listing of one of its subsidiaries \u201cover the next few years,\u201d according to one of the sources. Kaushal has also been focused on reducing costs at Nakheel and Meydan while streamlining their operations.<\/p>\n

Dubai Holding is a real estate giant:<\/strong> The Nakheel-Meydan merger created a \u201creal estate behemoth,\u201d with USD bns worth of assets and land hedging against possible fluctuations in the property market, Bloomberg wrote. Dubai Holding \u2014 one of the main shareholders of property giant Emaar \u2014 also has a JV with Abu Dhabi\u2019s largest developer, Aldar Properties.<\/span><\/p>\n

Advisors: <\/strong>Our friends at Mashreq and Emirates NBD are underwriting the loan. <\/p>\n","protected":false},"excerpt":{"rendered":"

The transaction helped secure more favorable terms for both companies\u2019 debts<\/p>\n","protected":false},"author":1,"featured_media":91532,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1546],"tags":[68,258,7,98],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-watch","tag-debt-watch","tag-dubai-holding","tag-enterpriseam-uae","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"a9aebb42-4974-4291-9709-c4940f3946c1","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/1432.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Dubai Holding refinances AED 30 bn to facilitate Nakheel and Meydan debt","related_issue":[91525],"teaser":"The transaction helped secure more favorable terms for both companies\u2019 debts","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.76264b6c-d86d-4a98-a6fb-25954dec2953.mp3"},"yoast_head":"\nDubai Holding refinances AED 30 bn to facilitate Nakheel and Meydan debt - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/05\/01\/dubai-holding-refinances-aed-30-bn-to-facilitate-nakheel-and-meydan-debt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dubai Holding refinances AED 30 bn to facilitate Nakheel and Meydan debt\" \/>\n<meta property=\"og:description\" content=\"The transaction helped secure more favorable terms for both companies\u2019 debts\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2024\/05\/01\/dubai-holding-refinances-aed-30-bn-to-facilitate-nakheel-and-meydan-debt\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-01T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1432.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/01\/dubai-holding-refinances-aed-30-bn-to-facilitate-nakheel-and-meydan-debt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/01\/dubai-holding-refinances-aed-30-bn-to-facilitate-nakheel-and-meydan-debt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Dubai Holding refinances AED 30 bn to facilitate Nakheel and Meydan debt\",\"datePublished\":\"2024-05-01T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/01\/dubai-holding-refinances-aed-30-bn-to-facilitate-nakheel-and-meydan-debt\/\"},\"wordCount\":275,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/01\/dubai-holding-refinances-aed-30-bn-to-facilitate-nakheel-and-meydan-debt\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1432.jpg?fit=%2C&ssl=1\",\"keywords\":[\"DEBT WATCH\",\"Dubai Holding\",\"EnterpriseAM UAE\",\"Real estate\"],\"articleSection\":[\"DEBT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/01\/dubai-holding-refinances-aed-30-bn-to-facilitate-nakheel-and-meydan-debt\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/01\/dubai-holding-refinances-aed-30-bn-to-facilitate-nakheel-and-meydan-debt\/\",\"name\":\"Dubai Holding refinances AED 30 bn to facilitate Nakheel and Meydan debt - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/01\/dubai-holding-refinances-aed-30-bn-to-facilitate-nakheel-and-meydan-debt\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/01\/dubai-holding-refinances-aed-30-bn-to-facilitate-nakheel-and-meydan-debt\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1432.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-05-01T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/01\/dubai-holding-refinances-aed-30-bn-to-facilitate-nakheel-and-meydan-debt\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/2024\/05\/01\/dubai-holding-refinances-aed-30-bn-to-facilitate-nakheel-and-meydan-debt\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/01\/dubai-holding-refinances-aed-30-bn-to-facilitate-nakheel-and-meydan-debt\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1432.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1432.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/01\/dubai-holding-refinances-aed-30-bn-to-facilitate-nakheel-and-meydan-debt\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Dubai Holding refinances AED 30 bn to facilitate Nakheel and Meydan debt\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Dubai Holding refinances AED 30 bn to facilitate Nakheel and Meydan debt - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/2024\/05\/01\/dubai-holding-refinances-aed-30-bn-to-facilitate-nakheel-and-meydan-debt\/","og_locale":"en_US","og_type":"article","og_title":"Dubai Holding refinances AED 30 bn to facilitate Nakheel and Meydan debt","og_description":"The transaction helped secure more favorable terms for both companies\u2019 debts","og_url":"https:\/\/enterpriseam.com\/uae\/2024\/05\/01\/dubai-holding-refinances-aed-30-bn-to-facilitate-nakheel-and-meydan-debt\/","og_site_name":"UAE","article_published_time":"2024-05-01T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1432.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/uae\/2024\/05\/01\/dubai-holding-refinances-aed-30-bn-to-facilitate-nakheel-and-meydan-debt\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/05\/01\/dubai-holding-refinances-aed-30-bn-to-facilitate-nakheel-and-meydan-debt\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Dubai Holding refinances AED 30 bn to facilitate Nakheel and Meydan debt","datePublished":"2024-05-01T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/05\/01\/dubai-holding-refinances-aed-30-bn-to-facilitate-nakheel-and-meydan-debt\/"},"wordCount":275,"publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/05\/01\/dubai-holding-refinances-aed-30-bn-to-facilitate-nakheel-and-meydan-debt\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1432.jpg?fit=%2C&ssl=1","keywords":["DEBT WATCH","Dubai Holding","EnterpriseAM UAE","Real estate"],"articleSection":["DEBT WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/2024\/05\/01\/dubai-holding-refinances-aed-30-bn-to-facilitate-nakheel-and-meydan-debt\/","url":"https:\/\/enterpriseam.com\/uae\/2024\/05\/01\/dubai-holding-refinances-aed-30-bn-to-facilitate-nakheel-and-meydan-debt\/","name":"Dubai Holding refinances AED 30 bn to facilitate Nakheel and Meydan debt - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/05\/01\/dubai-holding-refinances-aed-30-bn-to-facilitate-nakheel-and-meydan-debt\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/05\/01\/dubai-holding-refinances-aed-30-bn-to-facilitate-nakheel-and-meydan-debt\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1432.jpg?fit=%2C&ssl=1","datePublished":"2024-05-01T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/05\/01\/dubai-holding-refinances-aed-30-bn-to-facilitate-nakheel-and-meydan-debt\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/2024\/05\/01\/dubai-holding-refinances-aed-30-bn-to-facilitate-nakheel-and-meydan-debt\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/2024\/05\/01\/dubai-holding-refinances-aed-30-bn-to-facilitate-nakheel-and-meydan-debt\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1432.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1432.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/2024\/05\/01\/dubai-holding-refinances-aed-30-bn-to-facilitate-nakheel-and-meydan-debt\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"Dubai Holding refinances AED 30 bn to facilitate Nakheel and Meydan debt"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1432.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1432.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1432.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/91531","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/comments?post=91531"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/91531\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/91525"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/91532"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=91531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=91531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=91531"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/brand?post=91531"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=91531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}