Khazna Data Centers Secures $2.6bn Bank Financing

Khazna Data Centers has secured $2.62 billion in bank financing from two of the country’s banks, Abu Dhabi Commercial Bank (ADCB) and First Abu Dhabi Bank, to grow its data center empire.

“The criticality of our work is highlighted by the expanding scale, scope, and sophistication required to support complex, resource-intensive AI workloads,” said Fabio Cattaneo, CFO, Khazna Data Centers.

“This work involves the deployment of vast sums of capital investment, and access to such capital requires a stable, attractive business model, underpinned by the strength of our financial position and our disciplined approach to capital management. This is what we have built at Khazna, enabling us to secure one of the largest financing deals the region has ever seen.”

Ludovic Nobili, group chief corporate, wealth, and investment banking officer at ADCB, said: “This transaction highlights ADCB’s steadfast contribution to the UAE’s vision of a knowledge-based, future-focused economy. Leveraging our robust balance sheet, extensive financial expertise, and dedication to innovation, ADCB is proficient at syndicating and structuring financing for large-scale digital infrastructure projects such as those spearheaded by Khazna.