Frankfurt: Arab Banking Corporation SA., has announced an increase in its existing bonding facilities for Siemens Energy to EUR 200 million. The transaction reinforces Siemens Energy’s capacity to deliver large-scale energy and infrastructure projects across Europe and the Middle East, further strengthening Arab Banking Corporation SA., presence in the DACH market.
Key Highlights:
- Bonding facilities for Siemens Energy expanded to €200 million.
- Supports Siemens Energy’s strategic projects across Europe and MENA.
- Strengthening Arab Banking Corporation SA., and Siemens Energy’s combined structuring expertise in major trade finance transactions.
Alf Sörensen General Manager, Arab Banking Corporation SA., Frankfurt, said: “We are very proud to arrange the bilateral guarantee facility and our continued support to Siemens Energy with Arab Banking Corporation SA., financial services. This will assist their strategic infrastructure projects in the MENA region, supporting regional expansion plans for a strategic and respected global player in the energy sector,”
He added, “This bilateral milestone facility further cements the strategic relationship between Siemens Energy Group and Arab Banking Corporation SA., spanning over several decades. We are partnering for strategic energy projects in core countries of the MENA region and aim to jointly contribute to the acceleration of the energy transformation process in this part of the world. Connecting our 40 years of operational presence in Germany with Arab Banking Corporation SA., network in the MENA region are the add-on values expected by a strategic customer like Siemens Energy.”
Mario Günter Schilling, Head of Corporate Banking DACH/Nordics, Arab Banking Corporation SA., Frankfurt, commented: “Arab Banking Corporation SA., Frankfurt office is pleased to increase the bilateral guarantee facility to our long-time partner Siemens Energy. Supporting our client in the era of energy transition in a specific market underlines our ambition to be a reliable and trustful partner.”
The transaction highlights the growing strategic importance of Europe–MENA trade corridors and reflects the role of innovative trade finance in enabling the energy transition and infrastructure growth.