Crossword Genius

Branded Saudi waterfront exchange? (6)

Ross

I believe the answer is:

seared

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'branded' is the definition.
(I've seen this in another clue)

I cannot understand how the remainder of the clue works.

Can you help me to learn more?

(Other definitions for seared that I've seen before include "dried up" , "Scorched on the surface (6).[BO]" , "burned" , "Scorched, singed" .)

I've seen this clue in the Sydney Morning Herald.
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