Joyalukkas partners with Emirates NBD for a AED 500 million working capital deal to support global expansion into the UK, USA, Canada, and Australia.
Dubai: Joyalukkas, a global leader in jewellery retailing, has secured a landmark AED 500 million working capital facility from Emirates NBD to support its ambitious global expansion. The deal will empower the brand’s reach across GCC nations, as well as new markets in the UK, USA, Canada, and Australia.
Structured as a revolving credit facility, the partnership offers Joyalukkas flexible access to funds, enhancing inventory financing and supplier engagement during peak trading periods. The agreement is fully integrated with Emirates NBD’s digital and trade finance platforms, enabling real-time operational visibility and financial control.
Since its founding in 1987, Joyalukkas has expanded across 13 countries, serving over 10 million customers with quality craftsmanship and heritage-inspired designs. This facility is designed to strengthen the group’s agility in meeting global demand while supporting its evolution into an organised retailing powerhouse.
Joy Alukkas, Chairman of Joyalukkas Group, said: “This deal marks a turning point in our international journey. Emirates NBD’s trust and strategic insight into our business have enabled us to structure a solution aligned with our expansion goals. It’s more than funding—it’s a growth enabler.”
Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD, added: “Our facility for Joyalukkas exemplifies Emirates NBD’s ability to craft tailor-made credit solutions that reflect both business strategy and sector needs. It reinforces our role as an enabler of UAE companies making a mark on the world stage.”
With this backing, Joyalukkas is poised to redefine the jewellery retail sector globally, driven by visionary leadership and a robust financial ecosystem.
