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Gulf Credit gives $25m credit line
Abu Dhabi’s Gulf Credit Partners, the regional credit business, which was recently launched by Gulf Capital, has successfully completed $25 million credit transaction, its first financing transaction for a locally based company SES FZCO.
Gulf Credit Partners provides financing facilities to Private Equity Acquisitions and growth capital for small and medium sized companies in the Middle East, North Africa and Turkey through its “Gulf Credit Opportunities Fund L.P.I.”
This first investment of $25 million by Gulf Credit Partners represents a milestone, both for Gulf Capital and the industry, at a time when credit for SMEs from traditional financing institutions and banks is tough, tight, and sometimes even non-existent.
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