AD Ports Group announced the signing of a General Corporate Facility agreement with a syndicate of 13 regional and international banks. The multi-currency facility, equivalent to around USD 2 billion, includes three tranches amounting to EUR 600 million, USD 620 million, and AED 2,863 million with a tenure of up to 2.5 years. The demand for the facility was overwhelming, with commitments of USD 7.4 billion in total from the participating banks.

The funding requirement was therefore 3.7x oversubscribed, demonstrating the confidence that the banking sector has in AD Ports Group's financial health and future prospects. In addition to strong demand for this new syndicate facility, AD Ports Group managed to improve pricing compared with the USD 1 billion RCF that the Group had secured in 2021. First Abu Dhabi Bank and Citibank were the co-ordinators and bookrunners, while Mizuho Bank and Abu Dhabi Commercial Bank were the additional bookrunners.

Société Générale and Emirates NBD Capital Limited acted as Mandated Lead Arrangers. Standard Chartered Bank, HSBC Bank Middle East, BNP Paribas, Crédit Agricole Corporate and Investment Bank and Bank of China were Lead Arrangers while Sumitomo Mitsui Banking Corporation and Industrial and Commercial Bank of China Limited, Dubai (DIFC) Branch acted as Arrangers. The Facility Agent for the agreement is Abu Dhabi Commercial Bank.