What is Emirates NBD Group’s USD 2.25 billion financing deal announced in 2026?

Emirates NBD Group successfully closed USD 2.25 billion in long-term financing, comprising a USD 1.75 billion five-year sustainability-linked syndicated term loan arranged by Emirates NBD and a USD 500 million five-year Club Commodity Murabaha term facility arranged by Emirates Islamic. Together, the facilities represent one of the largest syndicated borrowings in the GCC region.

How was Emirates NBD’s USD 1.75 billion sustainability-linked syndicated loan structured?

The sustainability-linked loan was structured as a five-year syndicated term facility aligned to sustainability performance metrics. Initially launched at USD 1 billion, strong international demand resulted in oversubscription of more than two times, allowing the facility size to be increased to USD 1.75 billion.

Why was Emirates NBD’s sustainability-linked loan oversubscribed by global investors?

The oversubscription reflects strong global investor confidence in Emirates NBD’s credit strength, supported by its solid balance sheet, disciplined financial management, and established track record in accessing international capital markets.

What are the key benefits of this long-term USD financing for Emirates NBD Group?

The transaction strengthens the Group’s liquidity position, diversifies its funding sources, enhances its long-term USD funding profile, and supports the execution of Emirates NBD Group’s strategic growth ambitions while enhancing shareholder value.

How does the USD 1.75 billion sustainability-linked loan support Emirates NBD’s strategy?

The facility supports Emirates NBD’s strategy by providing long-tenor USD funding at competitive pricing, reinforcing the Group’s commitment to sustainable finance and enabling continued investment in long-term growth priorities.

What does the oversubscription of Emirates NBD’s syndicated loan indicate about its credit profile?

The strong oversubscription indicates high levels of international lender confidence in Emirates NBD’s credit quality, resilience, and future prospects despite a challenging regional and global environment.

How did Emirates NBD achieve tight pricing despite volatile market conditions?

Despite global and regional market challenges, the sustainability-linked loan achieved the tightest pricing in Emirates NBD’s history for a syndicated loan, reflecting strong lender appetite, effective execution, and the Group’s standing as a preferred counterparty.

Why do international banks participate in Emirates NBD’s syndicated financings?

International banks participate due to Emirates NBD’s strong balance sheet, transparent governance, and the UAE’s robust regulatory framework, all of which underpin confidence in the Group as a long-term partner.

Is this one of the largest syndicated loan transactions in the GCC banking sector in 2026?

Yes. The combined USD 2.25 billion financing represents one of the largest syndicated borrowings in the GCC region in 2026.

How does this transaction reflect the UAE’s financial sector resilience?

The strong participation from 15 financial institutions across the Americas, Europe, and Asia highlights continued confidence in the UAE’s economic resilience, regulatory environment, and its banking sector’s access to global liquidity.

How does Emirates NBD compare to other regional banks in accessing international capital markets?

The transaction reinforces Emirates NBD’s established presence in international loan markets and demonstrates its ability to consistently access diversified global funding sources at competitive terms.

What is a Club Commodity Murabaha facility?

A Club Commodity Murabaha facility is a Shariah-compliant financing structure commonly used in Islamic banking, where funds are provided through commodity-based transactions in accordance with Islamic principles.

How did Emirates Islamic structure its USD 500 million Club Commodity Murabaha facility?

Emirates Islamic arranged a USD 500 million five-year Club Commodity Murabaha term facility, achieving highly competitive pricing among regional Islamic peers and completing the transaction within an accelerated timeframe.

How does Emirates NBD Group integrate conventional and Shariah-compliant financing?

Through its dual-banking model, Emirates NBD Group combines conventional financing solutions with Shariah-compliant structures via Emirates Islamic, enabling it to serve a broad range of institutional and investor needs.

Why is Emirates NBD Group considered a leader in Shariah-compliant sustainable finance?

The Group has a strong track record in integrating sustainability with Islamic finance, including Emirates Islamic’s issuance of the world’s first sustainability-linked financing sukuk in 2025 and continued leadership in Shariah-compliant funding solutions.

What is a sustainability-linked loan?

A sustainability-linked loan is a financing structure where pricing or terms are linked to the borrower’s achievement of predefined sustainability performance targets, aligning financing with ESG objectives.

How does sustainability-linked financing support long-term banking strategies?

Sustainability-linked financing aligns funding strategies with ESG commitments, supports responsible growth, and strengthens engagement with global lenders increasingly focused on sustainable finance frameworks.

How is Emirates NBD embedding sustainability into its capital markets activity?

Emirates NBD integrates sustainability considerations across its financing activities, supported by its leadership in sustainability reporting, sustainable finance structures, and ESG-aligned funding instruments.

How many financial institutions participated in the transaction?

The combined transaction attracted participation from 15 financial institutions across the Americas, Europe, and Asia.

Which institutions acted as coordinators on the transaction?

Bank of America, BNP Paribas, DBS Bank Limited, and Emirates NBD Capital Limited acted as Coordinators, Book-Runners, and Sustainability Coordinators on the Emirates NBD transaction. Emirates NBD Capital Limited acted as sole coordinator for the Emirates Islamic transaction.

Why is this transaction strategically important for Emirates NBD Group?

The financing reinforces Emirates NBD Group’s leadership in global and regional loan markets, strengthens liquidity and funding diversification, and supports the Group’s long-term strategic growth objectives.

Emirates NBD successfully executes USD 250 Million Syndicated Term Loan facility for DAR Global, Accelerating Global Growth and Expansion

2 Min | 16 April 2026

Dubai, UAE, 16 April 2026: Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, has announced the successful execution of a USD 250 million syndicated term loan facility (“Project Radium II”) for Dar Global plc, the London-listed luxury international real estate developer. Dar Global plc, which is majority owned by Dar Al Arkan Real Estate Development Company, secured this USD 250 million financing as part of its continued growth and expansion across key global markets.

Emirates NBD Capital acted as the Joint Mandated Lead Arranger, Bookrunner and Sole Documentation Agent to execute the USD 250 million deal. The financing will support Dar Global's global expansion plans, enabling the leading real estate developer to accelerate existing projects and pursue new property developments across key markets.

This financing highlights Emirates NBD’s structuring and distribution capabilities in the syndicated finance space, reinforcing its role as a trusted partner to regional and international real estate developers amid sustained momentum in global property markets.

Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD, said: "This transaction reinforces the confidence global institutions place in Emirates NBD's ability to originate and execute large-scale syndicated financings. The strong participation from a broad group of lenders reflects deep distribution across our network and continued appetite for real estate-linked credit. We are pleased to have structured a facility that aligns with Dar Global's business ambitions, underlining our commitment to delivering tailored financing solutions that support the sustained growth of the luxury real estate sector across key global markets."

This deal underscores Emirates NBD's central role in structuring and delivering the facility, with the Bank driving the documentation process through to a timely and successful close. The financing, executed in coordination with other regional banks, is structured to provide Dar Global with flexibility to support its funding requirements and future growth plans.

Ziad El Chaar, CEO of Dar Global, said: “This facility, structured with Emirates NBD, brings together a strong group of financial institutions supporting Dar Global’s continued growth. It enhances our liquidity and provides the flexibility to advance our existing developments while maintaining a disciplined and selective approach to new opportunities. As a London-listed platform with a global portfolio, access to diversified funding sources remains central to our strategy as we scale across key international markets.”

As a leading banking group in syndicated finance with a demonstrated expertise in the real estate sector, Emirates NBD continues its commitment to supporting the growth and international ambitions of its clients through its tailored financing solutions.