Deem Finance, a leading financial services company in the UAE, has secured asset-backed financing worth $400 million from JP Morgan.
This financing aims to strengthen the company’s financial position and enhance its lending capabilities to support SMEs and individuals in the UAE.
Under the agreement, JP Morgan will provide a revolving financing facility backed by receivables generated by Deem across diverse asset classes.
This funding is expected to bolster the company’s balance sheet and expand its loan portfolio, supporting the financial needs of both individuals and businesses.
