Octo

Oaktree Capital Management supports an investment business in the hospitality sector in the Middle East, at a time when attention to special credit in the region is increasing. According to a statement issued by “Octaret”, the alternative asset management company, which amounts to $ 209 billion, provided debt financing to Arzan Investment Management, known as “AIM”, which specializes in real estate, hospitality and credit strategies in the Gulf, without revealing financial details for the transaction. Funding will increase AIM’s ability to obtain hospitality assets in the wave cities, including Dubai. The company has already implemented two transactions in the city’s hospitality sector with a total value of approximately $ 400 million and has introduced extra opportunities of one billion dollars across the region. Dubai, with its real estate and hotel markets, attracts institutional capital with the consolidation of the Emirate as an important destination for tourism and wealth. Also read: an enterprise supported by “Octo” that expands through specialized loans in Dubai to provide the attractiveness of the hospitality sector in the Gulf. Asset management companies have always turned to attract more obligations to their funds, but a growing number of players today consider the region as a market to employ private credit funds. Talal Al -Bahr, chairman of the AIM Council of Directors, said that the Octourus agreement is an important step to add the institutional character to the region’s market, “and confirm” the attraction of the hospitality sector in the Golf Cooperation Council countries for Global Capital. “For example, the Public Investment Fund in Saudi Arabia recently agreed that the chief investor is in a group of new funds launched by the Goldman Sachs Group Assets Unit, which will focus on private credit and public stock strategies. To expand Dubai.