Bank of Sharjah has solidified its position as a key player in regional finance by acting as the Mandated Lead Arranger in a US$800 million syndicated revolving credit facility for Investcorp Capital.
The initial offering of $600 million received such strong interest from the market that Investcorp was able to upsize the facility to $800 million. This significant transaction reflects both Investcorp's financial strength and Bank of Sharjah's growing role in facilitating major financial deals.
“This strategic collaboration underscores Bank of Sharjah's commitment to supporting the growth ambitions of our clients,” said Mohamed Khadiri, CEO of Bank of Sharjah. “The substantial oversubscription of the facility is a testament to Investcorp's robust business fundamentals.”
Investcorp Capital, a newly established subsidiary of Investcorp based in Abu Dhabi Global Market, is a key beneficiary of this deal. “We are well-positioned to grow our business and deliver strong returns to our stakeholders,” said Abbas Rizvi, Chief Financial Officer of Investcorp Capital, “thanks to this successful refinancing at competitive terms.”
The participation of 22 banks in the syndication highlights the global reach and credibility of the Investcorp Group. “This transaction marks a significant milestone for Investcorp Capital,” added Khadiri. “We are delighted to welcome Investcorp as a long-term partner.”
This deal strengthens Bank of Sharjah's position as a leading financial institution in the UAE. “We are committed to providing financing solutions and advisory services to major institutions across the region,” concluded Khadiri. “This transaction allows us to meet the evolving needs of our valued customers and achieve our strategic objectives.”