Apollo Global Management, a private equity firm, agreed to acquire a minority stake in Aldar Properties, a real estate development, management and investment company, for $1.4bn. "We wholeheartedly welcome Apollo as a long-term strategic investor and look forward to collaborating in order to grow our portfolio through additional value and yield accretive acquisitions. This transaction enables us to add further scale to our business and forms a critical milestone of our upcoming growth journey,” Jassem Busaibe, Aldar Investment CEO.