UAE-based AI infrastructure operator strengthens capital base to scale cloud and compute deployments
Core42, a G42 company specializing in sovereign cloud and AI infrastructure, has announced the successful arrangement of two structured trade finance facilities amounting to US$ 550mn with HSBC to accelerate its AI cloud and compute deployments across the United States and Europe.
The facilities of US$ 240mn and US$ 310mn were completed in February 2026 and May 2026, respectively.
The facilities have been purpose-built to support Core42’s capital intensity and deployment cycles of AI cloud infrastructure. Structured to enable strategic flexibility, both facilities are non-equity dilutive and reinforce Core42’s disciplined capital allocation approach as it expands its global footprint.
Headquartered in the UAE with deployments across the United States and Europe, Core42 continues to scale as a sovereign AI infrastructure operator serving enterprise, government, and hyperscale customers. The facilities enhance Core42’s capital stack sophistication alongside its strategic hyperscaler and sovereign partnerships, supporting sustained growth at scale.
Defining moment
“The trade finance facilities represent a defining moment for Core42 and for the broader AI infrastructure sector, reflecting growing institutional recognition of AI architecture as long-duration, industrial-grade capacity,” said Neha Gupta, Chief Financial Officer, Core42.
The development reinforces Core42’s position as a scalable AI infrastructure operator capable of mobilizing global capital against sustained, multi-year demand. Core42 is bringing its proven sovereign AI ecosystem model to Europe.
Cross border clarity
“The facilities are built to support long-term deployment at scale while maintaining the governance and cross-border clarity required for mission-critical infrastructure,” commented Roopal Jobanputra, General Counsel, Core42.
“By providing this flexibility, HSBC demonstrates a strong appreciation of the unique requirements and dynamics within the technology sector,” added Shaikha AlMarri, Head of Banking UAE, HSBC.
