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Emirates NBD and DIB Announce a USD 175 Million Murabaha Deal to Finance New Store Investment and Expansion Plans for A101, Türkiye’s Leading Discount Retailer

3 Min | 19 June 2025

The five-year deal will help the retailer finance its strategic initiatives towards expanding nationwide footprint

DUBAI, 19 June 2025: Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, have executed a new USD 175 million Murabaha financing deal to fund expansion plans for Yeni Magazacilik Anonim Sirketi (A101), one of Türkiye’s leading discount retailer.

Emirates NBD acted as the Initial Mandated Lead Arranger and Bookrunner, with DIB structuring and executing the five-year facility. Proceeds of the deal will be used by A101 to open new bricks-and-mortar retail operations alongside warehousing and logistics hubs in various cities across Türkiye. Two of the UAE’s leading financial institutions, the USD 175 million was shared between banks, with A101 borrowing USD 100 million from Emirates NBD and USD 75 million from DIB.

This facility not only supports A101’s growth story but also highlights both banks’ ongoing commitment to providing corporate clients in Türkiye with bespoke financing options to help drive their long-term sustainable and resilient growth agenda.

A101 is one of Turkey’s largest discount retail chains, reaching millions of customers each day through a widespread network of more than 13,200 stores nationwide with the support of a wide and trusted 100% local supplier base. With more than 70,000 employees and a growing e-commerce platform, A101 continues to deliver environmentally conscious retail experience across both physical and digital channels with high-quality product offering at competitive prices, its commitment to making everyday shopping accessible and affordable for everyone.

Pri McNair, Group Co-Head of Corporate Coverage at Emirates NBD, said: “Türkiye's one of the leading discount retailers, A101 is poised to benefit from accelerated growth, financed by the new USD 175 million facility made available through Emirates NBD, and our partners at DIB. This new five-year facility will fuel A101's vision of delivering even greater value to consumers. Emirates NBD's important role in this deal, which was facilitated by our Corporate Coverage unit, highlights our commitment to supporting businesses in key markets like Türkiye, within our network, through funding facilities that spur ongoing expansion plans and empower local economies.”

Osman Yılmaz, Group CFO of Aydın Group said: “We are pleased to announce our strategic collaboration with Emirates NBD and DIB. This transaction marks an important milestone in strengthening A101’s capital structure and supporting our long-term growth agenda in Türkiye. As we continue to evolve our business model, we are focused on scaling a more efficient, technology-enabled retail platform — including multi-format stores, stronger digital channels, and investments in logistics and energy efficiency. These initiatives are designed to enhance our competitiveness, improve customer reach, and drive operational excellence. We see this partnership as a significant step in deepening our engagement with leading financial institutions in the GCC region. Emirates NBD and DIB are important strategic partners for A101, and we believe this collaboration will unlock new opportunities to support our continued leadership in the retail sector.”

Hitesh Asaporta, CEO of Emirates NBD Capital, said: “Emirates NBD Capital played a major role in this transaction with A101, acting as the Initial Mandated Lead Arranger and Bookrunner. It stands as another sign of rising confidence in, and support for, corporate clients in Türkiye. In orchestrating this facility to A101, Emirates NBD has highlighted a growing appetite for investment in Türkiye across diverse sectors. The USD 175 million deal provides A101 with the capital to expand, open more stores, and establish logistics hubs from new warehouses. It reinforces our commitment to supporting our market-leading clients in Türkiye as well as confidence in the nation’s ongoing growth.”

Commenting on this deal, Ali Ahmad, Chief of Investment Banking at DIB, said: “This facility reflects our ability to structure efficient and scalable Islamic financing solutions for leading corporates across key sectors. A101’s continued expansion presents a compelling investment case, underpinned by its strong operational model and growing consumer base. We are pleased to support their ambitions with a facility that aligns with our strategy of backing resilient, market-shaping businesses particularly in markets like Türkiye where we have deep and trusted relationships.”

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