Dubai’s Emirates NBD has successfully closed $2.25 billion in long-term financing, underscoring robust investor confidence in one of the region’s largest banking groups despite the Iran war, and highlighting continued liquidity strength in the UAE’s financial sector.
The transaction comprises a $1.75bn sustainability-linked loan and a $500 million Murabaha facility, structured to align with both conventional and Islamic financing frameworks.
The deal was oversubscribed by more than two times, attracting participation from a wide range of regional and international financial institutions.
“The successful closing of this financing reinforces Emirates NBD’s strong credit profile and our position as a preferred counterparty in global loan markets,” said chief executive Shayne Nelson.
Despite the war, the SLL achieved the tightest pricing in the bank's history for a syndicated loan because of the strong demand, Emirate NBD said.
This refected its solid credit profile and the broader resilience of the UAE’s banking system. Market appetite for high-quality regional borrowers remains strong despite global uncertainty due to the conflict and shifting economic conditions.
The SLL ties borrowing costs to the bank’s environmental, social and governance targets, marking a further step in Emirates NBD’s strategy to integrate sustainable finance into its core operations. Such instruments are becoming increasingly prominent in the region, as lenders and investors place greater emphasis on responsible financing.
“It enhances our long-term USD [dollar] funding profile and supports strategic growth priorities while delivering sustainable value,” said Ahmed Al Qassim, group head of wholesale banking.
Meanwhile, the Murabaha tranche demonstrates the continued importance of Islamic finance in the Gulf, providing Sharia-compliant funding while broadening the bank’s investor base.
Proceeds from the financing are expected to support general corporate purposes, including lending activities and business expansion. The transaction enhances Emirates NBD’s long-term funding profile, ensuring access to stable capital amid evolving global financial conditions.
While the financing will not have an immediate impact on retail customers, it strengthens the bank’s balance sheet and supports its capacity to extend credit across key sectors. Over time, such transactions can contribute to increased lending activity and economic growth.
