Trukker secures USD 300mn facility to scale regional freight network

Trukker locks in USD 300 mn cross-border funding with ADCB

Saudi-based digital freight network platform Trukker secured a USD 300 mn cross-border securitization facility, with Abu Dhabi Commercial Bank (ADCB) acting as sole arranger and lender, according to a press release. Trukker will use the financing for working capital to support the company’s operations and expansion plans, including scaling its digital freight network and optimizing its carrier ecosystem across regional markets.

Not your typical bank loan: The non-recourse facility is backed by Trukker’s trade receivables across multiple markets and is structured across the UAE, Saudi Arabia, and Turkey, making it one of the region’s first multi-jurisdictional, asset-backed securitizations. The structure effectively converts future customer payments into tradable financing backed by institutional capital, rather than a conventional loan.

Why it matters: The financing reflects growing bank appetite for exposure to large, revenue-generating digital platforms operating across multiple MENA markets. It also signals a broader shift toward structured credit tied to operating performance — with companies like Trukker increasingly turning to structured, receivables-backed securitization instead of relying solely on equity funding. Over time, this could provide an alternative funding route for scaled startups with predictable cashflows and cross-border operations.

ADVISORS- White & Case and Paul Hastings provided counsel, while HSBC acted as facility security trustee and account bank across the different jurisdictions.

EU-backed loan expands Aqaba data center

Aqaba’s data center buildout gets EU-backed loan: Aqaba Digital Hub (ADH) secured a JOD 10 mn loan from the EBRD — backed by EU financial backing — to expand Jordan’s largest Tier 3 carrier-neutral data center. The financing will fund ADH’s existing facility, settle supplier commitments, and support construction of a second data hall.

The connectivity play: ADH already operates Jordan’s largest 6 MW data center footprint, with the hub anchored by AqabaIX — a neutral internet exchange point linking local telcos, internet service providers, and digital players.