Abu Dhabi - Sharikat Mubasher: TruKKer, one of the leading logistics and transportation companies in the region, secured an inaugural trade receivables securitization facility of up to $300 million to fuel its regional expansion plans.

Abu Dhabi Commercial Bank PJSC (ADCB) acted as the Sole Arranger and Sole Lender for the facility, which is backed by portfolios of trade receivables across the company’s operating geographies, the company revealed in a statement yesterday.

The transaction represents a significant evolution in regional credit markets and establishes a new blueprint for financing the digital economy by bridging the gap between traditional institutional banking and high-growth technology platforms.

Structured as a non-recourse securitization, the financing using a Murabaha facility successfully harmonizes complex legal and regulatory frameworks across the UAE, Saudi Arabia, and Turkey.

Gaurav Biswas, Founder and CEO of TruKKer, said: “This transaction is a milestone not only for TruKKer, but also for the broader regional technology ecosystem. It gives us access to working capital at benchmark pricing and marks an important step in the evolution of our capital strategy. The facility represents a key inflection point in our journey to build the ‘Uber of Trucks’ for the region, while supporting the development of logistics as a core enabler of our economies.”

To navigate the complex cross-border transaction, top-tier global law firm White & Case LLP and Paul Hastings acted as legal counsel, architecting the legal and regulatory framework of the transaction.

TruKKer matches real-time demand for freight with available carrier capacity through its proprietary, AI-driven technology platform. It brings unprecedented efficiency, transparency, and reliability to the fragmented logistics sector.