Joyalukkas Group has secured a Dh500 million working capital facility from Emirates NBD to support its expansion into international markets, including the UK, US, Canada, and Australia.
The facility, structured as a revolving credit line, gives the jewellery retailer access to short-term liquidity for inventory financing, supplier payments, and peak trading periods. The funds will also be used to support the group’s expansion across the GCC.
The deal is integrated with Emirates NBD’s digital trade and treasury platforms, providing the retailer with real-time oversight of drawdowns and repayments across markets.
Joyalukkas operates in 13 countries and serves over 10 million customers. The group has been expanding its retail footprint in established and new markets through a combination of new store openings and e-commerce growth.
The announcement comes as UAE-based retailers increase their international presence. In recent months, other regional groups have tapped syndicated loans and structured trade finance to support cross-border growth and supply chain resilience.
Joyalukkas’ deal adds to the pipeline of corporate banking activity in the UAE, as banks continue to support retail, logistics, and trade-linked firms with capital solutions aligned to global expansion strategies.
