Amlak Finance has fully repaid its financial obligations under the Common Terms Agreement (CTA), settling Dh898 million with six remaining financiers ahead of the October 2026 schedule. This final payment completes a total settlement of Dh10.2 billion to 29 financiers since the firm’s initial restructuring in 2014.
The company’s early settlement follows a series of asset sales, including land divestments, used to accelerate repayments. The CTA was a key restructuring mechanism agreed with creditors in the aftermath of the 2008 financial crisis.
According to company disclosures, the early repayment supports Amlak’s exit from the CTA and positions the firm for strategic realignment. The move frees up operational flexibility as the company shifts its focus towards new business growth.
CEO Arif Albastaki said the company is now positioned to pursue its transformation strategy, with an emphasis on financial stability and operational efficiency.
The real estate financier, listed on the Dubai Financial Market, has been under a constrained operating model since the restructuring began. With the final payments made, the firm is expected to enter a new operational phase; however, market analysts note that challenges remain amid muted property financing demand in the UAE.
As of July 2025, Amlak has no further obligations under the CTA and is preparing for full regulatory and strategic transition away from the restructuring framework.
