Sanad, the global aerospace engineering and leasing solutions leader wholly-owned by Mubadala Investment Company PJSC (Mubadala), has secured a new US$ 100 million evergreen revolving credit facility with First Abu Dhabi Bank (FAB) the UAE\u2019s largest bank and one of the world\u2019s largest and safest financial institutions.<\/p>\n\n\n\n
The new financing deal, signed during this week\u2019s Dubai Airshow 2021, extends Sanad and FAB\u2019s 10-year relationship which has now seen the two UAE-based companies close over US$950million worth of combined agreements. The various financings are extended in support of Sanad\u2019s global spare engine leasing and component access portfolios.<\/p>\n\n\n\n
Troy Lambeth, Group Chief Executive Officer of Sanad, said: \u201cOur longstanding banking relationship with FAB, the oldest and largest within Sanad,has played a key role in our growth as a reliable financial solutions provider within the industry. Working closely with each of our banking partners, we have been well positioned to provide attractive long-term financing solutions to our customers since our launch. We are delighted to see our relationship with FAB expand to this new facility as we nowlook to extend our product and service offerings further across the industrial services sector.\u201d<\/p>\n\n\n\n
Mohanad Al-Borno, Head of Global Banking at FAB added: \u201cWe are pleased with our partnership with Sanad and supporting their growth as well as promoting Abu Dhabi as a global aviation hub. Sanad has established a reputation for excellence in the aviation industry and with this new transaction, we further expand our relationship with Sanad and our confidence in the company\u2019s positioning and future potential. We highly value the strong relationship with Sanad and Mubadala and look forward to our continued support of the company\u2019s growth in the years ahead.\u201d<\/p>\n\n\n\n
Since 2011, FAB has led a number of Sanad\u2019s financing agreements in support of various existing and new spare engine and component programs globally.<\/p>\n","protected":false},"excerpt":{"rendered":"
Sanad, the global aerospace engineering and leasing solutions leader wholly-owned by Mubadala Investment Company PJSC (Mubadala), has secured a new US$ 100 million evergreen revolving credit facility with First Abu Dhabi Bank (FAB) the UAE\u2019s largest bank and one of the world\u2019s largest and safest financial institutions. The new financing deal, signed during this week\u2019s […]<\/p>\n","protected":false},"author":1,"featured_media":17206,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-17204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"rttpg_featured_image_url":{"full":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2021\/11\/SANAD-AND-FAB-CLOSE-NEW-USD-100-MILLION-FINANCING-AGREEMENT.jpg",900,619,false],"landscape":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2021\/11\/SANAD-AND-FAB-CLOSE-NEW-USD-100-MILLION-FINANCING-AGREEMENT.jpg",900,619,false],"portraits":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2021\/11\/SANAD-AND-FAB-CLOSE-NEW-USD-100-MILLION-FINANCING-AGREEMENT.jpg",900,619,false],"thumbnail":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2021\/11\/SANAD-AND-FAB-CLOSE-NEW-USD-100-MILLION-FINANCING-AGREEMENT-150x150.jpg",150,150,true],"medium":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2021\/11\/SANAD-AND-FAB-CLOSE-NEW-USD-100-MILLION-FINANCING-AGREEMENT-300x206.jpg",300,206,true],"large":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2021\/11\/SANAD-AND-FAB-CLOSE-NEW-USD-100-MILLION-FINANCING-AGREEMENT.jpg",900,619,false],"1536x1536":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2021\/11\/SANAD-AND-FAB-CLOSE-NEW-USD-100-MILLION-FINANCING-AGREEMENT.jpg",900,619,false],"2048x2048":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2021\/11\/SANAD-AND-FAB-CLOSE-NEW-USD-100-MILLION-FINANCING-AGREEMENT.jpg",900,619,false],"post-thumbnail":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2021\/11\/SANAD-AND-FAB-CLOSE-NEW-USD-100-MILLION-FINANCING-AGREEMENT.jpg",611,420,false],"graptor-sq-xs":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2021\/11\/SANAD-AND-FAB-CLOSE-NEW-USD-100-MILLION-FINANCING-AGREEMENT.jpg",100,69,false]},"rttpg_author":{"display_name":"admin","author_link":"https:\/\/web3unplugged.io\/blog\/author\/admin\/"},"rttpg_comment":0,"rttpg_category":"Uncategorized<\/a>","rttpg_excerpt":"Sanad, the global aerospace engineering and leasing solutions leader wholly-owned by Mubadala Investment Company PJSC (Mubadala), has secured a new US$ 100 million evergreen revolving credit facility with First Abu Dhabi Bank (FAB) the UAE\u2019s largest bank and one of the world\u2019s largest and safest financial institutions. The new financing deal, signed during this week\u2019s…","_links":{"self":[{"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/posts\/17204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/comments?post=17204"}],"version-history":[{"count":1,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/posts\/17204\/revisions"}],"predecessor-version":[{"id":17207,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/posts\/17204\/revisions\/17207"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/media\/17206"}],"wp:attachment":[{"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/media?parent=17204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/categories?post=17204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/tags?post=17204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}