Bank of Sharjah has successfully acted as the Mandated Lead Arranger and Bookrunner for a US$155 million Club Loan Facility for Daewoo Engineering & Construction Co Ltd. This announcement was made on February 16, 2025, highlighting the bank’s role in facilitating significant financial arrangements

The loan is structured as a three-year facility and has been arranged in collaboration with other regional banks. The funds will be utilized for general corporate purposes, specifically to support Daewoo’s working capital needs for ongoing projects around the globe.

Mohamed Khadiri, the CEO of Bank of Sharjah, noted that this achievement showcases the bank’s strategic vision of aiding large international contractors by offering customized financing solutions that extend beyond their domestic borders. Additionally, Haisam Mustafa, Head of International & Financial Institutions, stated that this transaction enhances the bank’s reputation for providing financial and advisory services to major multinational corporations worldwide.