World News | Bank of Sharjah Acts as Mandated Lead Arranger, Bookrunner in US$155m Loan for 'Daewoo Engineering'

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.

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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)

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(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)