Emirates NBD and Dubai Islamic Bank (DIB) have announced a USD 175 million Murabaha financing deal to support the expansion plans of Türkiye’s leading discount retailer, Yeni Magazacilik Anonim Sirketi (A101). The five-year facility aims to finance A101’s strategic initiatives, including opening new retail operations and establishing warehousing and logistics hubs across various Turkish cities.
Emirates NBD acted as the Initial Mandated Lead Arranger and Bookrunner, while DIB was responsible for structuring and executing the facility. The financing is split between the two banks, with A101 borrowing USD 100 million from Emirates NBD and USD 75 million from DIB.
The transaction underscores both banks’ commitment to providing bespoke financing options that drive sustainable growth for corporate clients in Türkiye. A101 operates over 13,200 stores nationwide and employs more than 70,000 people. The company aims to enhance its business model by investing in technology-enabled retail platforms, multi-format stores, digital channels, logistics, and energy efficiency.
Pri McNair of Emirates NBD highlighted the importance of this facility in supporting A101’s growth: “Türkiye’s one of the leading discount retailers, A101 is poised to benefit from accelerated growth, financed by the new USD 175 million facility made available through Emirates NBD, and our partners at DIB. This new five-year facility will fuel A101’s vision of delivering even greater value to consumers.”
Osman Yılmaz from Aydın Group emphasized the significance of this collaboration: “We are pleased to announce our strategic collaboration with Emirates NBD and DIB. This transaction marks an important milestone in strengthening A101’s capital structure and supporting our long-term growth agenda in Türkiye.”
Hitesh Asaporta of Emirates NBD Capital commented on their role: “Emirates NBD Capital played a major role in this transaction with A101, acting as the Initial Mandated Lead Arranger and Bookrunner. It stands as another sign of rising confidence in, and support for, corporate clients in Türkiye.”
Ali Ahmad from DIB noted: “This facility reflects our ability to structure efficient and scalable Islamic financing solutions for leading corporates across key sectors.”
The deal highlights growing investment interest in Türkiye’s diverse sectors as well as continued support for market-leading clients like A101.
