DUBAI: Emirates NBD has announced an AED500 million working capital facility for Joyalukkas, one of the leading jewellery retailers. The revolving credit arrangement provides flexible, on-demand liquidity to support Joyalukkas’ expansion plans across the UAE and international markets such as the UK, USA, Canada, and Australia.
The bespoke facility underscores Emirates NBD’s reputation as a go‑to partner for the gold and jewellery sector. Designed around sector-specific needs, the credit line enables Joyalukkas to manage inventory financing efficiently – ensuring seamless cash flow during peak trading periods and prompt settlement of supplier obligations.
Structured on a revolving framework, the facility allows Joyalukkas to draw and repay funds as required – minimising interest costs while preserving operational agility. Emirates NBD, acting as the anchor bank, integrates capital support seamlessly with its digital and trade platforms, offering clients real‑time visibility and user-friendly workflows.
Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD, said the facility demonstrates bank’s ability to craft agile, sector-focused credit solutions tailored to its clients’ strategic goals.
“It reinforces our commitment to supporting Joyalukkas’ growth and, by extension, contributing to the UAE’s economic expansion,” Al Qassim said.
