Mashreq facilitates the first sustainability-linked financing for Galadari Brothers: Our friends at Mashreq structured the first sustainability-linked financing (SLF) for Emirati conglomerate Galadari Brothers as part of a bilateral lending relationship, according to a joint statement (pdf). The size of the loan was not disclosed, however it follows on from an initial green loan that Galadari secured from Mashreq in 2023 to support retrofitting at its Sri Lanka hotel.

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The details: The financing, one of the largest SLF facilities for an Emirati group, aims to integrate ESG principles into Galadari Brothers' operations, the statement read. The loan’s three key indicators focus on building internal capabilities, enhancing corporate alignment with ESG standards, and promoting circular economy principles and resource efficiency.

Another notch in Mashreq’s USD 30 bn sustainable financing belt: The facility is part of Mashreq Bank's sustainable finance strategy, which aims to provide financing for sustainable projects worth USD 30 bn by 2030.

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