New Delhi: Jewellery retailer Joyalukkas has secured a working capital facility of AED 500 million from Emirates NBD to support its expansion in the UAE and international markets, including the UK, USA, Canada, and Australia, it shared in a media release on Thursday.
The revolving credit facility provides flexible access to capital, enabling the company to manage inventory financing and supplier payments during peak trading cycles. The agreement is integrated with Emirates NBD’s digital and trade finance platforms for operational visibility.
“ This facility marks a significant milestone in our journey to expand Joyalukkas into key international markets including the UK, USA, Canada, and Australia. Emirates NBD has been a trusted partner who understands the scale, ambition and discipline behind our global retail strategy. Structured with flexibility and foresight, this deal sets a new benchmark in the jewellery industry and reflects our pioneering approach to organized retailing,” said Joy Alukkas, Chairman of Joyalukkas Group.
