the year’s most innovative Middle East project
financings has closed, incorporating receivables-based
technology usually found in securitisation deals.
The deal is the $800 million (£503.4 million)
dual-currency, six-year sale of future revenues from the Salik
toll roads to finance infrastructure projects across the
Although counsel on the deal are unwilling to disclose the
precise nature of its structure, the details IFLR has learnt
suggest it will attract a great deal of attention.
Someone close to the transaction told IFLR that the
financing received strong support from banks outside of...