Aldar Properties affirmed that its operations in its residential communities, retail destinations, commercial offices, logistics facilities, hotels, schools, and development sites in the UAE are not interrupted and the company remains operationally and financially resilient.
Throughout this time, teams in Aldar have been working around the clock to assist residents, defend communities, and restrict disruption to everyday activities.
Specifically, the community management teams have become more active in dealing with residents and tenants as a variety of community-wide events are established to assist families and allow children to be actively involved, and the hospitality teams of Aldar liaise with partners in the sector and concerned authorities to assist the stranded visitors and provide them with the best possible guest experience.
However, the company has robust and developed Business Continuity and Risk Management Frameworks, which are being implemented in all operations.
The technology architecture of Aldar has been built to be resilient, and cloud-based systems have geographic redundancy, diversified contact centre operations, and decentralized CRM infrastructure in several locations, so that services can be delivered without disruption and customer interaction.
The firm observed that its debt maturity structure is well controlled and the company has no significant refinancing needs within the next two years.
Meanwhile, it also get benefited by the advantage of diversified financing sources through banks and capital markets without interference in access to funding.
The company has experienced recent capital market dealings, such as hybrid issues, green sukuk placements, and sustainability-linked facilities, which have also enhanced the capital structure and liquidity status of the company, enhancing its long-term stability.
