Avocom Law Firm Llp advised Siraj Finance PJSC (SF), a private joint stock company
based in Abu Dhabi and regulated by the UAE Central Bank, in the negotiations for the
implementation of a project finance and the obtaining of a loan from the investment
company CITIC Holding IF Group LLC together with some institutional investors, 100
Million USD worth.
Avocom team includes Francesco del Bene as Lead Partner together with Ian C. Hughes,
a legal advisors. Co-advisor has been Coral International Commercial Agency of Abu
Dhabi.
The negotiations aim to implement the China Union Pay Credit Cards project, whose
scope is a forwarding looking prospect to become one of the first Credit Card Issuer in the
region with the Union Pay International (UPI) network.
As an integral Partner to the dynamic payment landscape, SF – part of Trizac Holding
LLC (THL), which is an integral entity of the Al-Otaiba Group of Companies – intends to
create a niche in the payment industry that has an embedded technology readiness with
AI and Card less operations in a secured and economical payment mechanism. With
2/2
extended service-oriented propositions and loyalty bridged incentive programs, some of
the key projections would include the facilitation of UAE’s strategic priorities and roadmap
in the Smart Governance and Digitalized platform.

 

Avocom con Siraj Finance nel project financing per il progetto China Union Pay


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