Joyalukkas Nabs AED500 Million for Global Expansion.

aJewellery retail giant Joyalukkas has announced a significant boost to its global expansion strategy, securing a AED500 million working capital facility from Emirates NBD, a prominent banking group in the MENAT (Middle East, North Africa, and Turkey) region. This crucial agreement is set to propel the company's long-term growth across the UAE and key international markets, including the UK, USA, Canada, and Australia.

The bespoke financing deal, meticulously structured to provide Joyalukkas with seamless and flexible access to capital, underscores the retailer's ambitious approach to global retail growth. It also highlights the enduring and robust relationship between Joyalukkas and Emirates NBD.

The facility operates on a revolving basis, offering Joyalukkas the agility to draw and repay funds as needed. This flexible arrangement is designed to enhance the company's cost-efficiency and operational control, particularly vital for a business with fluctuating inventory and trading demands.

As the renowned jewellery retailer continues to strengthen its footprint worldwide, the AED500 million facility will ensure timely access to inventory financing and liquidity. This is especially critical for supporting peak trading periods, such as festive seasons, and meeting commitments to suppliers, ensuring smooth operations across its vast network.

Further enhancing its financial operations, the deal is fully integrated with Emirates NBD’s advanced digital and trade platforms. This integration will provide Joyalukkas with real-time visibility and convenience over its financial activities, streamlining management and decision-making.