Alternative Financing Arrangements in the United Arab Emirates and Saudi Arabia

Historically, local banks have provided the vast majority of financings to borrowers in the United Arab Emirates (the UAE) and Saudi Arabia across all asset classes. However, the banking the landscape has dramatically changed over the past decade or so — where the level of bank debt which is actually available has significantly dropped. This has, in turn, resulted in the growth (or at least the need for the growth) of alternative financing arrangements – both in terms of regional managers establishing credit funds and international funds targeting transactions in the UAE and Saudi Arabia.