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Aras Group arranges Dhs3b worth of funds for 100 projects
By our business bureau October 23, 2018
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DUBAI: Aras Group, a Dubai-based diversified financing experts, has helped arrange Dh3 billion worth of funds for 100 projects across a diverse portfolio ranging from real estate, renewable energy, hospitality, start-ups, refineries and ships, etc.

The company, which is involved in corporate finance, alternative investment, commercial lending as well as consulting business, has also created more than 100 special-purpose vehicles (SPVs) in the UAE and Europe to provide financial lifeline to hundreds of companies and projects and helped them come to fruition.

“Many of these projects are in advanced stage of production and implementation,” said an Aras Group spokesperson. “We have not exited any of them due to their strong growth prospects. We are happy with the way we have been able to support the private sector with our resources and co-financers.”

The company, which employs 110 highly-skilled professionals, receives a good number of project finance applications from a number of project-owners every day that are been vetted by a group of specialised financing team who carry out a thorough study on the project’s commercial viability and success potentials as well as long-term sustainability.

“There may be fertile ground for mid-market companies to thrive in. But what is often missing from the picture is the right capital solution to propel the company to its next stage, and become the leading enterprises of tomorrow,” said a spokesperson.

“With banks remaining asset focused and becoming more risk-averse, mid-market firms can struggle to access traditional forms of funding. This creates a clear opportunity for private debt to fill the gap.”

Aras Group is working to support the private sector with financial solutions tailor-made for their success. The company has a global network of financers who work with Aras Group to become angel investors, private equity partner, seed investors or Tier II investors along with the founders to offer customised investment solution for the needs of companies and start-ups.

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