Dubai, U.A.E., 27 December 2022 – Dubai Aerospace Enterprise (DAE) Ltd today announced the signing of new Senior Unsecured Term Financings for a total of US$800 million with a weighted average maturity of 5.5 years in two transactions. Each facility was underwritten by a leading bank in the region.

Firoz Tarapore, Chief Executive Officer of DAE, stated, “The signing of these financing facilities underscores DAE’s commitment to maintaining exceptional liquidity and a strong balance sheet. We have no near-term debt maturities, providing us with significant flexibility in the current interest rate environment.”