Dubai—Dentons is pleased to announce the successful completion of a US$200 million financing for the International Bank of Azerbaijan. Dentons provided legal counsel to 12 syndicated lenders led by Mashreq Bank.

This significant transaction underscores the strong international confidence in the Azerbaijani market and the International Bank of Azerbaijan's strategic growth initiatives. The financing will be utilised to support the bank's general corporate purposes and further its strategic objectives.

Notably, this transaction marks the reintroduction of ABB back to the market after an eight-year hiatus, with a particular focus on attracting MENA investors. This strategic move is expected to enhance the bank's regional presence and strengthen its ties with Middle Eastern financial markets.

Dentons' Dubai Office Partner, Qasim Aslam, who led the Dentons team, commented: "We are thrilled to have facilitated this important financing for the International Bank of Azerbaijan. This transaction not only demonstrates the robust confidence of international investors in Azerbaijan's financial market, but also showcases Dentons' ability to deliver expert cross-border legal advice."

The Dentons team was led by Dubai Office Partner Qasim Aslam, and Baku Office Partner Ulvia Zeynalova-Bockin, with support from Dubai-based Associate Arif Doha and Baku-based Junior Associate Tofiga Jamalzade, ensuring a successful and efficient transaction process.

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