Abu dhabi: BGN, a prominent energy and commodities trading company, has announced a significant agreement to refinance and expand its Abu Dhabi Exports Office (ADEX) backed revolving credit facility (RCF) to $400 million. This development marks a crucial milestone in BGN’s growth trajectory, highlighting its strong presence in international commodity and financial markets.
According to Emirates News Agency, the agreement was signed by Mohamed Saif Al Suwaidi, the Director-General of Abu Dhabi Fund for Development and Chairman of the Export Executive Committee, ADEX, along with Deia Markova, Executive Director of Finance, ESG, and Strategy at BGN. FAB played a pivotal role as the Sole Coordinator and Sole Bookrunner for the transaction.
The agreement is further supported by 14 lenders from the Middle East, as well as financial institutions from Mauritius, South Africa, and Taiwan Province. The 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 RCF was successfully increased from the previous $282.5 million secured in 2025 to $400 million. The deal was notably oversubscribed, indicating strong lender confidence in BGN’s trading capabilities and growth strategy.
Rui Florencio, Chief Financial Officer of BGN, remarked that this landmark transaction led by ADEX and FAB strengthens BGN’s long-standing partnership with key regional and international financial institutions. He emphasized that the expanded finance facility will enable BGN to pursue its growth and diversification strategy, especially as the company ventures into new sectors such as LNG, critical minerals, and metals.
Khalil Al Mansoori, Executive Director of ADEX, highlighted that the successful expansion of this facility underscores ADEX’s commitment to supporting UAE-linked companies in scaling globally and enhancing their competitiveness in international markets. He noted that the transaction showcases the broad confidence of regional and international lenders in BGN’s business model, as well as ADEX’s role in mobilizing strategic capital for trade flows, diversification, and the development of future-focused energy value chains. Al Mansoori expressed honor in supporting BGN as it pursues its growth ambitions and contributes to the global energy transition.