Modon Holding has closed a AED 13.7 billion syndicated financing, about USD 3.7 billion. The Abu Dhabi-listed group called it the largest financing in its history.
The deal was announced on 6 November. It was more than 1.5 times oversubscribed, with demand from local, regional and international banks.
01The facility in figures
| Part | Size | Term |
|---|---|---|
| Term loan | AED 4.7 billion | Five years |
| Revolving credit facility | AED 9 billion | Three years, extendable to five |
| Accordion option | Up to AED 4 billion more | On request |
| Total committed | AED 13.7 billion | — |
Modon Holding, 6 November 2026.
The facility has conventional and Islamic tranches, in both UAE dirhams and US dollars. Rothschild & Co was the sole financial adviser.
The lenders are Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Emirates Islamic, Emirates NBD, First Abu Dhabi Bank, Mashreq, HSBC, Citi, J.P. Morgan, National Bank of Kuwait and Standard Chartered.
02What the money is for
Modon will use the facility to refinance existing loans and to fund development projects. The group said the deal more than doubles the average maturity of its debt and strengthens its liquidity.
Modon's business covers real estate, hospitality, asset and investment management, events, catering and tourism. Its master-planned homes in Abu Dhabi include several communities on Hudayriyat Island.
03What it means if you are buying
Your sale contract does not change. The financing sits at group level, and the statement makes no mention of changes to payment plans or handover dates.
Modon is selling off-plan homes on Hudayriyat Island. Projects on sale include Hudayriyat Golf Estates and Wadeem Gardens. At Wadeem Gardens, eligible buyers can apply for off-plan home finance of up to 75% through Abu Dhabi Islamic Bank.
Check the basics before you pay. Confirm that the project is registered with the Abu Dhabi Real Estate Centre and that payments go to the project's escrow account. You can browse current launches on our Modon developer page.
ProjectsProjects in this story.
SourcesWhere this story comes from.
Sources
- Modon Holding PSC: Statement on the closing of a AED 13.7 billion dual-tranche syndicated financing, 6 November 2026
- Khaleej Times: Modon secures Dh13.7 billion financing deal to support expansion, 6 November 2026
- Zawya: Abu Dhabi-based Modon closes $3.7bln syndicated loan, 6 November 2026
- Modon: Modon launches phase one of Wadeem Gardens, Abu Dhabi's first villa community to offer up to 75% off-plan home finance with ADIB, 30 September 2026
Corrections
- No corrections to this story. If something has changed or is wrong, tell us and we will correct it and log the change here.
7 Nov 2026, 06:23 GST · Reported by OffPlan Insider Newsdesk, checked against the developer's own material before publication.
