Apollo Global Management, Inc. (NYSE:APO) acquired additional 11.1% stake in Aldar Investment Properties LLC from Aldar Properties PJSC (ADX:ALDAR) for approximately $400 million on August 17, 2022. The transaction involved the issuance of $400 million of common equity and mandatory convertible preferred equity at 100% of NAV into AIP.

Apollo Global Management, Inc. (NYSE:APO) completed the acquisition of additional 11.1% stake in Aldar Investment Properties LLC from Aldar Properties PJSC (ADX:ALDAR) on August 17, 2022.