ADD ANI AS A TRUSTED SOURCE
googleads
Menu
Middle East

Bank of Sharjah acts as mandated lead arranger, bookrunner in US$155m loan for 'Daewoo Engineering'

Bank of Sharjah announced that it has acted as Mandated Lead Arranger and Bookrunner for a US$155 million Club Loan Facility for Daewoo Engineering & Construction Co Ltd.

ANI Feb 16, 2025 15:06 IST googleads

Representative Image (Photo: ANI/WAM)

Sharjah [UAE], February 16 (ANI/WAM): Bank of Sharjah announced that it has acted as Mandated Lead Arranger and Bookrunner for a US$155 million Club Loan Facility for Daewoo Engineering & Construction Co Ltd.
The three-year facility, arranged in collaboration with other regional banks, will be used for general corporate purposes, supporting Daewoo's working capital requirements for ongoing projects globally.
Mohamed Khadiri, CEO of Bank of Sharjah, commented, "This achievement reflects Bank of Sharjah's strategic vision of supporting large international contractors by providing tailored financing solutions beyond their domestic borders."
Haisam Mustafa, Head of International & Financial Institutions, said, "This transaction further strengthens our track record of providing financial and advisory services to major multinational corporates worldwide." (ANI/WAM)

Get the App

What to Read Next

US

FBI Director Kash Patel on Michigan Synagogue incident

FBI Director Kash Patel on Michigan Synagogue incident

"FBI personnel are on the scene with partners in Michigan and responding to the apparent vehicle ramming and active shooter situation out of Temple Israel Synagogue in West Bloomfield Township, Michigan. @FBIDetroit," Patel posted on X, adding that the bureau's FBI Detroit Field Office was involved in the response.

Read More
Asia

PM Modi speaks to Iranian President Pezeshkian

PM Modi speaks to Iranian President Pezeshkian

"Had a conversation with Iranian President, Dr. Masoud Pezeshkian, to discuss the serious situation in the region. Expressed deep concern over the escalation of tensions and the loss of civilian lives as well as damage to civilian infrastructure," PM Modi posted on X.

Read More
Asia

India consistently supported Maldives in crisis: Mohamed Nasheed

India consistently supported Maldives in crisis: Mohamed Nasheed

He highlighted India's role as a "first responder" for the Maldives, emphasising that India's support during critical periods has been fundamental to the stability and security of the island nation.

Read More
Asia

MoCA closely monitoring air travel situation in West Asia

MoCA closely monitoring air travel situation in West Asia

The Ministry of Civil Aviation is closely monitoring the evolving situation in the West Asia region and its impact on air travel between India and countries in the region. Airlines are undertaking necessary operational adjustments in view of the prevailing conditions to ensure passenger safety and the orderly conduct of flight operations.

Read More
Pacific

MoS Kirti Vardhan Singh attends Chile President's inauguration

MoS Kirti Vardhan Singh attends Chile President's inauguration

Minister of State for External Affairs and Environment, Forest & Climate Change, Kirti Vardhan Singh, visited Chile from March 10-12 and represented the Government of India at the inauguration ceremony of the new President of Chile, HE Jose Antonio Kast Rist.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.