The National Bank of Fujairah (NBF) has effectively completed a significant single currency term and letter of credit syndicated transaction amounting to $100 million. This initiative is aimed at supporting Pure Cement LLC in the establishment of a clinker production unit with a capacity of 6,500 tons per day (TPD) alongside an 8.5 MW Waste Heat Recovery-based captive power plant.
With the overall project costing $135.97 million, this financing will facilitate the acquisition of essential plant, equipment, and fixed assets, thereby ensuring the project’s successful implementation.
The National Bank of Fujairah served as the Arranger, Facility, and Security Agent, spearheading the transaction in partnership with Emirates NBD Bank (P.J.S.C.) and The National Bank of Ras Al Khaimah (P.S.C.), each of which contributed $25 million to the financing.
“This transaction is a testament to NBF’s ability to structure and deliver complex syndicated deals that drive business growth and industrial progress,” said Adnan Anwar, CEO at NBF. “As the lead banker, we go beyond financing—we serve as a strategic partner, delivering tailored financial solutions that drive long-term success and strengthen our reputation as a trusted financial partner across the region,” he further noted.
Moreover, NBF hosted a formal signing ceremony at its headquarters, which brought together representatives from Emirates NBD, RAKBANK, and key industry stakeholders.
