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ENBD upsizes syndicated facilities for Dar Global to $440m
Gulf Today
|August 26, 2025
Emirates NBD (ENBD), a leading banking group in the Middle East, North Africa and Turkey (Menat) region, announced the successful $165 million upsize to a total of $440 million of existing syndicated conventional and Islamic term facilities (Project Litmus) for Dar Global, the international arm and wholly-owned subsidiary of the Saudi Exchange-listed Dar Al Arkan Real Estate Development Company (Dar KSA).
Emirates NBD Capital, acting as the Initial Mandated Lead Arranger and Bookrunner, spearheaded the $165 million enhancement.
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