Archive · 3 Aug 2025
Joyalukkas Secures AED 500 Million for Global Expansion
Joyalukkas, a big jewelry seller, got a loan of AED 500 million from Emirates NBD.
This money will help them open more stores around the world, like in the UK, USA, Canada, and Australia.
The loan is flexible, so Joyalukkas can easily manage its money for things like buying jewelry and paying suppliers.
Emirates NBD will also provide helpful digital tools for easy banking.
This loan is a big step for Joyalukkas as they grow their business around the world.
It's a sign that the bank believes in their plans.
Joyalukkas secured a AED 500 million working capital facility from Emirates NBD.
The funding supports expansion in the UAE, UK, USA, Canada, and Australia.
The facility is structured as a revolving facility for flexible capital access.
Emirates NBD's digital platforms will integrate for operational convenience.
The deal is considered a milestone for Joyalukkas' global retail journey.
- Who
- Joyalukkas secured the facility from Emirates NBD.
- What
- Joyalukkas secured a AED 500 million working capital facility.
- When
- Not explicitly mentioned in the articles.
- Where
- The expansion includes UAE, UK, USA, Canada, and Australia.
- Why
- To fund expansion across the UAE and global markets.
- Company
- Joyalukkas
- Amount
- AED 500 million
- Provider
- Emirates NBD
- Purpose
- Global expansion
- Facility Type
- Revolving working capital
- Expansion Locations
- UAE, UK, USA, Canada, Australia