Deem Finance and J.P. Morgan Partner With a Milestone $400 Million Securitization Facility
Summary
J.P. Morgan will be providing up to $400 million through a senior revolving facility backed by a diversified pool of receivables originated by Deem across various asset classes. The transaction successfully diversifies Deems funding sources with long-term institutional financing, enhancing its ability to address underserved customer segments. Leveraging its expertise in structured finance, Daman provided comprehensive advisory support across structuring, collateral analysis, cashflow modeling, regulatory matters, legal documentation and operational implementation.Shehab Gargash, Chairman of Deem Finance, stated: This landmark transaction showcases our deep belief in the UAEs financial landscape. By leveraging our expertise and partnering with J.P. Morgan, we are enabling Deems expansion while enhancing access to credit for consumers and SMEs. We also extend our sincere appreciation to the UAE Central Bank for its unwavering support and regulatory guidance, which has been instrumental in fostering an innovative yet robust and resilient financial ecosystem.Ahmed Khizer Khan, CEO of Daman Investments, commented: This milestone transaction underscores the strength of collaboration between local expertise and global financial leadership.