Sharjah Bank is organized and manager for a loan of $ 155 million for"Daewoo Engineering"
Sharjah, February 16 / WAM / Sharjah Bank announced that it would take over the role of the commissioner delegated and the director of subscription for a joint loan of $ 155 million for the benefit of Daewoo Engineering and Construction Company.
This financing, which was arranged in cooperation with a group of regional banks, comes to support the general purposes of the company, and reflects the bank’s commitment to enhance its presence in the local, regional and international markets.
Mohamed Khadiri, CEO of Sharjah Bank, stressed that the arrangement of this joint loan reflects the strategic vision of the bank in supporting global contracting companies through customized financing solutions that exceed its local markets, and also enhances the bank’s position in international markets by providing innovative financial solutions to global companies.
For his part, Haitham Mustafa, head of the international department and financial institutions at Sharjah Bank, explained that this deal represents a new addition to the bank’s achievements in providing financial and consulting services to multinational companies.
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