Bank of Sharjah has acted as the Mandated Lead Arranger and Bookrunner for a US$155 million Club Loan Facility secured by Daewoo Engineering & Construction Co Ltd.
The three-year facility, arranged with regional banks, will support Daewoo Engineering’s global operations. It will meet working capital needs and facilitate general corporate purposes. This collaboration shows Bank of Sharjah’s dedication to fostering partnerships and supporting large international projects.
The loan agreement reflects the growing financial cooperation between Bank of Sharjah and multinational corporations. By working with regional banking partners, the bank enables cross-border business expansion. The facility provides Daewoo Engineering with financial flexibility to manage global projects.
Mohamed Khadiri, CEO of Bank of Sharjah, highlighted the bank’s commitment to international growth. He said, “This achievement reflects Bank of Sharjah’s strategic vision of supporting large international contractors by providing tailored financing solutions beyond their domestic borders.” He also stressed the bank’s focus on building long-term relationships and delivering innovative financial services.
Haisam Mustafa, Head of International & Financial Institutions at Bank of Sharjah, emphasized the bank’s global expertise. He said, “This transaction further strengthens our track record of providing financial and advisory services to major multinational corporates worldwide.” He added that the successful loan completion shows the bank’s ability to deliver comprehensive financial solutions for international clients.
As the financial world becomes more interconnected, Bank of Sharjah continues to leverage its expertise and regional network. It supports complex, large-scale financing deals. This collaboration with Daewoo Engineering highlights the bank’s financial capabilities. It also shows its commitment to supporting global business growth and fostering cross-border partnerships.
