BGN Secures Expanded USD 400 Million Facility Backed By Abu Dhabi Exports Office

BGN has expanded and refinanced its Abu Dhabi Exports Office backed revolving credit facility to US$400 million, after strong interest from regional and international lenders. The enlarged facility supports BGN’s global energy and commodities trading activities and aligns with the UAE’s wider export and trade finance objectives, particularly as energy markets evolve and new segments such as LNG and critical minerals gain importance.

The agreement for the revolving credit facility was signed between Mohamed Saif Al Suwaidi, Director-General of Abu Dhabi Fund for Development and Chairman of the Export Executive Committee, ADEX, and Deia Markova, Executive Director, Finance, ESG and Strategy at BGN. FAB acted as Sole Coordinator and Sole Bookrunner, providing structuring support and managing participation from a broad syndicate of banks.

The ADEX backed revolving credit facility increased from the US$282.5 million secured in 2025 to US$400 million. According to BGN, the deal was significantly oversubscribed, which indicates strong confidence in the company’s trading capabilities, balance sheet discipline and growth strategy. The transaction also highlights continued appetite among Middle East and international banks for structured commodity finance linked to UAE-related exporters.

The deal involves 14 additional lenders from the Middle East and from key financial centres in Mauritius, South Africa and Taiwan Province. Participating banks include Abu Dhabi Commercial Bank, Al Ahli Bank of Kuwait, Commercial Bank of Dubai, AfrAsia Bank, National Bank of Ras Al Khaimah, SBM Bank, BCP Bank, Emirates NBD Bank, Nedbank Limited London Branch, Arab Bank, First Commercial Bank, National Bank of Fujairah, United Arab Bank and Ajman Bank. The syndicate broadens BGN’s access to diversified funding pools.

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Rui Florencio, Chief Financial Officer, BGN said, "This landmark transaction led by ADEX and FAB, builds on BGN’s longstanding partnership with leading regional and international financial institutions and further demonstrates the trust and confidence that our financial partners place in BGN. This significantly increased finance facility will enable BGN to achieve its growth and diversification strategy as we expand our business into new sectors including LNG, critical minerals and metals."

Khalil Al Mansoori, Executive Director of ADEX, said, "The successful expansion of this facility reflects ADEX’s continued commitment to enabling UAE-linked companies to scale globally and strengthen their competitiveness across international markets. This transaction demonstrates the confidence of a broad base of regional and international lenders in BGN’s business model, while also underscoring ADEX’s role in mobilising strategic capital that supports trade flows, diversification, and the development of future-focused energy value chains. We are honoured to support BGN as it advances its growth ambitions and contributes to the global energy transition."

The enlarged ADEX backed revolving credit facility strengthens BGN’s position in international commodity and financial markets, while supporting UAE-linked export growth. With FAB coordinating and a diverse group of regional and global lenders involved, the transaction links trade finance, energy transition priorities and diversification across LNG, critical minerals and metals within a structured framework that is aligned with broader Middle East financial sector participation.

With inputs from WAM