Abu Dhabi – Mubasher: Reem Investments seeks to secure AED 6 billion in debt and fresh equity to finance new developments in Najmat in Reem Island.

The company would raise AED 4.5 billion and AED 1.5 billion in debt and fresh equity, respectively, according to the company's disclosure to the Abu Dhabi Securities Exchange (ADX) on Wednesday.

In addition, the company will launch serviced land plots for sale in Najmat in Reem Island.

The company’s real estate arm, Reem Developers, has two mega projects in Abu Dhabi, comprising a 16-million-square-foot township in Najmat on Reem Island and Rawdhat, which will be home to more than 18,000 residential and commercial tenants.