UAE’s Sanad increases USD90m finance

28 Apr 2015

(MENAFN) Sanad Aero Solutions, a division of Abu Dhabi state fund Mubadala, increased a USD90 million loan in order to further develop its spare engine and components offers, Arabian Business reported.

The companies nominated by Sanad to participate in the deal are Abu Dhabi National Leasing, the National Bank of Abu Dhabi, Bank of America-Merrill Lynch and First Gulf Bank.

Sanad, the asset funding company that offers liquidity to the aviation sector, will increase its total borrowing to USD600 million through the transaction.

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