SHUAA Capital has secured a seven-year financing facility of up to $300 million for its offshore support vessel (OSV) operations under Stanford Marine Group and Allianz Marine and Logistics Services Holding Limited. The financing is provided by the National Bank of Fujairah (NBF) and The Arab Energy Fund (TAEF), formerly known as APICORP.
The SHUAA-managed fund, domiciled in the Abu Dhabi Global Market (ADGM) and managed by SHUAA GMC Limited, a wholly owned FSRA-regulated subsidiary of SHUAA, oversees these operations.
This facility is among the largest Secured Overnight Financing Rate (SOFR)-based financings in the regional OSV sector. It consolidates the Stanford and Allianz OSV operations, which were acquired by the SHUAA-managed fund in 2020 and 2022, respectively, supporting their continued growth.
The transaction is expected to be completed in the coming days, subject to closing procedures.
