Gulf Finance Corporation (GFC), the wholly-owned SME financing subsidiary of Dubai-based financial services firm Shuaa Capital, said that it has closed a Dhs500 million senior secured term loan facility. The 42‑month facility, which includes an unfunded Dhs50 million Standby Letter of Credit, is one of the largest syndications to take place in the UAE during the last 12 months. GFC will deploy the facility to further penetrate the SME finance market in the UAE and Saudi Arabia.