Emirates NBD + DIB back Turkey’s A101: DFM-listed Emirates NBD and Dubai Islamic Bank (DIB) inked a USD 175 mn Murabaha financing agreement with Turkish low-cost retail giant A101, according to a joint statement. The move will see the Dubai lenders extend a five-year Islamic loan to A101 to support its expansion drive in Turkey, including the rollout of new stores, warehousing facilities, and logistics hubs.

The split: Emirates NBD, the transaction’s lead arranger and bookrunner, deployed USD 100 mn, while DIB — which structured and executed the facility — chipped in with the remaining USD 75 mn.

About A101: The supermarket chain, one of Turkey’s biggest budget retail operators, runs over 13.2k stores with 70k employees across the country. A101 is backed by Aydın Group, an Istanbul-based construction conglomerate.

Why it matters: The move reflects both banks’ growing appetite for exposure to consumer-facing sectors in high-growth frontier markets, supporting their long-term expansion plans in Turkey, the release read.

ICYMI- Last year, Emirates NBD Capital, the investment banking arm of Emirates NBD, acted as sustainability coordinator and agent on a EUR 176 mn sustainability-linked loan renewal for ING Bank’s Turkish unit.

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