SHUAA Secures $300 Million Facility to Boost Marine Portfolio

In a move to develop its marine operations, SHUAA Capital psc has secured a $300 million facility from TAEF and NBF, targeting the growth of its Offshore Support Vessel (OSV) segment.

SHUAA Capital psc, a leading asset management and investment banking platform based in Dubai, has announced the execution of a substantial new financing facility for its OSV operations. 

The facility will support the company's Stanford Marine Group and Allianz Marine and Logistics Services Holding Limited (Allianz), both of which are held via a SHUAA-managed fund.

The SHUAA-managed fund is overseen by SHUAA GMC Limited, a fully owned subsidiary of SHUAA regulated by the Financial Services Regulatory Authority (FSRA). 

On Thursday, SHUAA revealed that it had successfully secured a seven-year finance facility worth up to $300 million from the National Bank of Fujairah (NBF) and The Arab Energy Fund (TAEF).

The financing facility represents one of the largest secured overnight funding rate (SOFR) based facilities for the OSV sector in the region, and is expected to provide a significant boost to SHUAA's marine operations.

SHUAA Capital has said that the financing arrangement serves as a single facility across its Stanford and Allianz OSV operations, a key aspect of SHUAA's strategy.

SHUAA issued a statement, saying: “As a single facility across the Stanford and Allianz OSV operations, acquired by the SHUAA-managed fund in 2020 and 2022 respectively, it further integrates the two units and provides support for continued growth of the businesses”.

As SHUAA Capital continues to strengthen its position in the marine industry, this $300 million facility is expected to play a key role in driving the company's growth and solidifying its presence in the OSV market.

This financing arrangement not only supports the integration of its Stanford and Allianz units but also positions SHUAA for future success in the dynamic marine industry.

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