GLOBAL: Investcorp's portfolio company TruKKer inked a US$300 million cross-border trade securitization facility with Abu Dhabi Commercial Bank – with originators based in the UAE, Saudi Arabia and Turkiye. Pitched as the first such multi-jurisdictional facility in the Middle East, this digital economy bespoke financing – backed by trade receivables – underpins TruKKer’s aim to build the Uber of Trucks logistics service for the region.
Categories:
Asset ManagementRestricted Access
Login to continue reading (existing subscriber)
Subscribe NOW and get:
- Gain unlimited access through all key operating platforms
- Full access to all listed Islamic funds & fund profiles
- Unlimited access to all Islamic fund managers
- Access to all exclusive articles, reports, podcasts & videos
- Complimentary access to all IFN Investor Forums
