HSBC pledges $ 5 billion in loans to UAE businesses to go global | Salaam Gateway


Posted on June 27, 2021 via Arab News – Economy DUBAI – HSBC pledges $ 5 billion to support strong UAE companies seeking capital to finance their global expansion.

Incentives will be offered to companies that meet the required criteria, HSBC said in a statement.

These include green loan discounts and certifications, access to targeted growth programs, and trade-related benefits.

“Our research clearly indicates that UAE companies are ready to invest internationally and in a sustainable manner,” said Abdulfattah Sharaf, CEO of HSBC UAE.

“Our $ 5 billion commitment, by 2023, will support the plans strong companies have to enter new business markets, reorganize their supply chains, innovate – and play an active role in helping shape future growth.” from the country.”

Businesses in agriculture, education, fintech, green energy, green transportation, healthcare, commerce and city planning should benefit from this support, HSBC said .

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