Elias Moubarak_Nicol Ong

Trowers Advises Core42 On Securing Strategic Loan Facility 

International law firm Trowers & Hamlins has acted as the English and UAE counsel to Injazat Data Systems in relation to a secured term loan facility availed from Abu Dhabi Commercial Bank. 

Injazat, now rebranded as Core42, is a prominent digital transformation provider offering a wide range of technological solutions for Enterprise AI and national-scale AI programs. 

The transaction, completed on February 21, 2024, involved Trowers advising on the banking aspects, including reviewing and negotiating finance documents and providing essential legal opinions. 

The Trowers team comprised Elias Moubarak (Partner, pictured left), Nicol Ong (Partner, pictured right), Phoebe Lim (Associate), Rashi Jain (Associate) and Molly Robertson (Trainee Solicitor).  
Partner Nicol Ong commented “It was a pleasure for the team and I to advise recognised industry leader lnjazat, under the Core42 brand, on securing this strategically important loan facility. This loan will help the organisation continue its work leveraging on technologies and delivering AI solutions. We look forward to working with them again soon.”