The Evolving Face of Finance: Private Credit’s Role in the GCC – insights from the $400m Tamara financing and beyond | King & Spalding

INTRODUCTION

The successful closing of the up to $400 million debt financing secured by Tamara, led by Goldman Sachs and King & Spalding client Shorooq Partners, was a landmark deal in the evolution of private credit in the GCC region.

This Client Alert aims to provide an overview of this benchmark transaction, its innovative features, particularly in the burgeoning sector of private credit within the GCC, and its broader implications for the market in 2024.

There is now growing optimism about the continued growth of private credit in the GCC, which paves the way for non-bank lenders to enter the market. Such growth also enables…