Bank Risk Center
Portfolio-level escrow assurance: what has been lent, what has genuinely been built, and where the exposure sits.
Portfolio exposure
AED 1.20B
9 escrow-linked facilities
Loan disbursed
AED 691.50M
57.5% of facility drawn
Verified asset progress
47.2%
Weighted by exposure — 3.1pp below claimed
Projects on hard stop
3
AED 286.40M exposed
Disbursement funnel
Schedule & budget trend — Al Noor Residences
Draw requests awaiting decision
| IPC | Project | Claimed | Supported | Stage |
|---|---|---|---|---|
| IPC-017 | Al Noor Residences | AED 8.45M | AED 7.82M | engineer review |
| IPC-031 | Marsa Bay Towers | AED 14.20M | AED 14.02M | recommended |
| IPC-012 | Khalifa Logistics Park Ph2 | AED 9.64M | AED 8.91M | inspection |
| IPC-008 | Ajman Corniche Offices | AED 4.32M | AED 4.18M | ai review |
| IPC-005 | Reem Island Medical Campus | AED 12.90M | AED 12.76M | bank review |
| IPC-041 | Al Zorah Lagoon Apartments | AED 1.96M | AED 1.96M | recommended |
Transparent risk score — Al Noor Residences
Composite score 78/100. Every contributing factor is shown with its weight; nothing is hidden in a black box.
- Claimed vs verified progress gap22 / 25
3.4 percentage points, 3 consecutive periods
- Exception density per IPC17 / 20
6 exceptions, 2 critical
- Schedule variance16 / 20
11% behind baseline programme
- Cost-to-complete headroom11 / 15
Forecast AED 2.1M above remaining facility
- Contractor concentration7 / 10
Gulf Horizon holds 2 projects, AED 180.4M exposure
- Evidence quality5 / 10
1 duplicate photograph, 1 missing RFA approval
Cost to complete — Al Noor Residences
- Cost incurred (certified)
- AED 78,900,000
- Committed cost (orders placed)
- AED 41,200,000
- Remaining contingency
- AED 3,400,000
- Forecast cost to complete
- AED 109,800,000
- Remaining facility
- AED 53,500,000
- Forecast shortfall
- − AED 2,100,000
Counterparty concentration & related-party flags
| Contractor | Projects | Exposure | Exceptions | Score | Related-party flag |
|---|---|---|---|---|---|
| Gulf Horizon Contracting LLC | 2 | AED 180.40M | 8 | 74 | Shares director with Al Noor Properties LLC |
| Falcon Ridge Builders | 2 | AED 154.00M | 20 | 88 | — |
| Delta Peninsula Construction | 2 | AED 528.00M | 2 | 26 | — |
| Northern Bay Contracting | 2 | AED 150.00M | 0 | 22 | — |
| Zayed Steel & Civil LLC | 1 | AED 190.00M | 4 | 48 | — |
AI-assisted — Professional Engineer approval required. Figures are model-generated from submitted evidence and are not certified until an engineer signs off.