Joyalukkas Secures AED 500 Million from Emirates NBD for Global Expansion
Chairman Joy Alukkas called the facility “a significant milestone” that reflects the scale and ambition behind the brand’s global retail journey.
Hyderabad: Joyalukkas, one of the world’s largest jewellery retailers, said it had secured a landmark AED 500 million working capital facility from Emirates NBD to power its expansion across the UAE and global markets including the UK, USA, Canada, and Australia.
Structured as a revolving facility, the agreement ensures seamless, flexible access to capital, enabling Joyalukkas to manage inventory, supplier commitments, and peak trading cycles efficiently, Joyalukkas said. Integrated with Emirates NBD’s advanced digital platforms, it also offers real-time visibility and operational convenience across financial functions.
Chairman Joy Alukkas called the facility “a significant milestone” that reflects the scale and ambition behind the brand’s global retail journey. “Emirates NBD has been a trusted partner who understands our discipline and vision,” he said, calling the deal a benchmark for the jewellery industry.
Ahmed Al Qassim, group head of wholesale banking at Emirates NBD, noted the bank’s commitment to delivering sector-specific, customised financial solutions. “This facility empowers Joyalukkas to drive ahead with its international strategy and supports the UAE’s broader economic ambitions,” he said.
