Core42, the UAE-headquartered sovereign cloud and AI infrastructure company under G42, secured $550M in structured trade finance facilities from HSBC to support the expansion of its AI cloud and compute infrastructure across the United States and Europe.
The financing package consists of two facilities valued at $240M and $310M, completed in February and May 2026 respectively.
Neha Gupta, CFO at Core42, said the financing reflects broader recognition of AI infrastructure as a strategic and durable asset class. “The trade finance facilities represent a defining moment for Core42 and for the broader AI infrastructure sector, reflecting growing institutional recognition of AI architecture as long-duration, industrial-grade capacity,” Gupta said.
The funding is designed to support the capital-intensive requirements of AI infrastructure deployment while preserving shareholder value through non-equity financing.
Facilities are intended to provide Core42 with greater flexibility in scaling cloud infrastructure and accelerating deployment schedules tied to long-term contracted demand and enterprise-level AI workloads.
Access to structured financing is becoming increasingly important for operators managing large-scale infrastructure expansion while maintaining financial discipline.
Headquartered in the UAE, Core42 operates across the United States and Europe, providing AI infrastructure services to enterprise, government and hyper-scale customers.
Core42 said the facilities add further depth to its capital structure and complement its sovereign and hyper-scale partnerships as it scales globally.
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