Bank of Sharjah has announced its role as the Mandated Lead Arranger and Bookrunner for a significant US$155 million Club Loan aimed at supporting Daewoo Engineering. This financial arrangement highlights the bank’s commitment to facilitating major projects within the region.

Credit: WAM

The loan agreement was finalized recently, with participation from various financial institutions, showcasing a collaborative effort in funding large-scale engineering projects. Daewoo Engineering, a prominent player in the engineering sector, will utilize these funds to enhance its operations and project capabilities.

Officials from Bank of Sharjah emphasized the importance of this loan in driving growth within the engineering sector in the UAE. They noted that such financial partnerships are crucial for supporting infrastructure development and advancing the country’s economic goals.