{"id":32305,"date":"2021-04-12T13:15:30","date_gmt":"2021-04-12T09:15:30","guid":{"rendered":"https:\/\/www.middleeastevents.com\/blog\/?p=32305"},"modified":"2021-04-12T13:15:30","modified_gmt":"2021-04-12T09:15:30","slug":"sanad-closes-us-55m-financing-deal-with-commercial-bank-of-dubai","status":"publish","type":"post","link":"https:\/\/www.middleeastevents.com\/blog\/sanad-closes-us-55m-financing-deal-with-commercial-bank-of-dubai\/","title":{"rendered":"Sanad Closes US$ 55M Financing Deal With Commercial Bank Of Dubai"},"content":{"rendered":"

Sanad Capital, a wholly-owned subsidiary of Mubadala Investment Company and the global aerospace engineering and leasing solutions leader, has closed a US$ 55 million debt financing deal with the Commercial Bank of Dubai, one of the UAE\u2019s leading financial institutions.<\/p>\n

The first-ever collaboration between Sanad Capital and the Commercial Bank of Dubai will fund the purchase of two new GEnx and XWB engines that were recently acquired through a long-term sale and leaseback agreement.<\/p>\n

Troy Lambeth, Group CEO, Sanad said:\u201cOur partnership with the Commercial Bank of Dubai is a strong validation of Sanad Capital\u2019s ability to attract liquidity that supports growth targets, especially in the challenging current environment.\u00a0We look forward to growing our relationship with the Commercial Bank of Dubai as part of Sanad\u2019s ongoing commitment to support the global aviation industry in years to come.\u201d<\/p>\n

Dr. Bernd van Linder, Chief Executive Officer, CBD said: \u201cWe are delighted to partner with Sanad and support them as they look to grow and expand their business. Sanad Capital has an exemplary performance track record in the aircraft engine and component leasing space, and we look forward to strengthening our relationship and facilitating their future expansion as well.\u201d<\/p>\n

At last year\u2019s Global Aerospace Summit, which was held in Abu Dhabi, Sanad Capital announced a new deal with Etihad Airways that takes the pair\u2019s ongoing partnership commitments toUS$ 900 million-plus. The new agreement covers additional spare engines and rotable components, including a sale-and-leaseback (SLB) agreement for an additional GEnx engine and a Rolls Royce Trent XWB engine, with a second XWB spare option.<\/p>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

Sanad Capital, a wholly-owned subsidiary of Mubadala Investment Company and the global aerospace engineering and leasing solutions leader, has closed a US$ 55 million debt financing deal with the Commercial Bank of Dubai, one of the UAE\u2019s leading financial institutions. The first-ever collaboration between Sanad Capital and the Commercial Bank of Dubai will fund the […]<\/p>\n","protected":false},"author":1,"featured_media":32306,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-32305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/32305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/comments?post=32305"}],"version-history":[{"count":1,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/32305\/revisions"}],"predecessor-version":[{"id":32307,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/posts\/32305\/revisions\/32307"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media\/32306"}],"wp:attachment":[{"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/media?parent=32305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/categories?post=32305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.middleeastevents.com\/blog\/wp-json\/wp\/v2\/tags?post=32305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}