Amlak Finance PJSC has announced the early and complete settlement of its outstanding financing facilities, marking a major milestone in its financial restructuring journey and demonstrating its strategic foresight and fiscal discipline.

The company confirmed it has fully repaid all obligations under the Common Terms Agreement (CTA) established in 2014. Since the initial restructuring, Amlak has settled a total of AED 10.2 billion owed to 29 financiers. As of July 24, 2025, the company has made a final payment of AED 898 million to the remaining six financiers—well ahead of the October 2026 contractual deadline—bringing its financing obligations to a close and setting the stage for a formal exit from the CTA.

Over the past decade, meeting financial commitments has been among Amlak’s most significant challenges. The company’s leadership and Board of Directors have played a crucial role in consistently engaging with financiers and guiding the firm through the complexities of repayment.

This success was enabled by a series of strategic measures, including the sale of land assets, aligned with Amlak’s long-term vision and designed to support early settlement efforts.

Commenting on the achievement, Arif Albastaki, CEO of Amlak Finance PJSC, stated:
“The early and full settlement of our financing obligations marks a transformative moment for Amlak. It reflects our unwavering commitment to financial prudence and our ability to deliver on our promises. With this milestone, we are now empowered to embark on a new phase of growth with greater agility and purpose.”

He added:
“Our strategic focus is now centered on strengthening our financial position and capitalizing on high-growth opportunities. This accomplishment paves the way for Amlak to evolve into a more focused and forward-looking organization.”

Looking ahead, Amlak Finance is reinforcing its commitment to innovation, operational efficiency, and financial stability. The company emphasized its dedication to delivering sustainable growth and long-term value to shareholders and stakeholders alike.

The successful settlement marks the beginning of a new chapter for Amlak, as it positions itself for future expansion and transformation.