Paul Hastings Advises TruKKer on Landmark Cross-Border $300 Million Securitization Facility

Paul Hastings LLP advised TruKKer, the Middle East’s leading digital freight network, on an inaugural cross-border trade receivables securitization facility of up to $300 million. Abu Dhabi Commercial Bank acted as sole arranger and sole lender on the bespoke financing, which is backed by portfolios of trade receivables across TruKKer’s operating markets.

The transaction marks a significant development in the Middle East structured finance markets and is among the first multijurisdictional, asset-backed securitizations involving a high-growth technology platform in the region. The facility combines nonrecourse, Shariah-compliant Murabaha structures in the UAE and Saudi Arabia with a conventional financing structure in Turkey, requiring the coordination of multiple legal, regulatory and commercial frameworks.

Abu Dhabi office co-chair William Watson led the Paul Hastings team, which also included partner Jason Brooks, of counsel Kevin Taylor and associates Haris Ahmed, Sam Manful and Alexandra Wingrove.

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