01:22 AM EST, 11/06/2026 (MT Newswires) -- Modon Holding (ADX:MODON) secured a 13.7 billion-Emirati-dirham senior unsecured syndicated financing, the Abu Dhabi-listed real estate developer said Friday. The financing comprises a five-year term loan of 4.7 billion dirhams, and a three-year revolving credit facility of 9 billion dirhams, which is extendable to five years. The facilities also include an aggregate 4 billion-dirham accordion option. Proceeds are earmarked to refinance existing debt and fund the development pipeline. The lenders are Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, Emirates Islamic and Emirates NBD, First Abu Dhabi Bank, Mashreq, HSBC Bank Middle East, Citi, JP Morgan, National Bank of Kuwait, and Standard Chartered.

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