Turkcell has announced that its subsidiary, TDC Veri Hizmetleri (TDC), has secured €100 million in murabaha financing through a strategic agreement with Emirates NBD Bank. This five-year financing deal aims to bolster Turkcell Group’s data center investments via TDC and accelerate its digital infrastructure initiatives.
The agreement is based on interest-free murabaha principles, marking a significant step for TDC in the data center and cloud business. Turkcell focuses on high-capacity, eco-friendly data centers to meet the increasing demands of cloud computing, AI, and big data. The company supports local businesses while attracting global customers seeking secure digital solutions.
Kamil Kalyon, Chief Financial Officer at Turkcell, stated: “The financing secured with Emirates NBD is a testament to the confidence that global financial institutions have in Turkcell. It further affirms that our strategic commitment to driving future growth and delivering value to our investors is steering us in the right direction. We are proud to attract international investment into our data center operations. And we believe these investments will pave the way for more strategic partnerships and future investments, unlocking new opportunities for growth and collaboration in the digital landscape.”
Kalyon added that this murabaha financing structure adheres to Islamic finance principles and is expected to open new avenues for collaboration in the Gulf region. He emphasized that by diversifying their financing portfolio, TDC can mitigate risks while exploring further strategic partnerships.
Emirates NBD Capital played a leading role in the deal as both Mandated Lead Arranger and Bookrunner. Pri McNair from Emirates NBD commented: “Emirates NBD’s EUR 100 million Murabaha financing deal with Turkcell is part of a long-term strategy to support growth-oriented companies investing in digital transformation. This deal reflects our confidence in Turkcell and we’re proud to support the company’s data center expansion, consolidating its position as a telecom leader.”
This transaction reinforces Emirates NBD’s role as a trusted financial partner providing tailored solutions for sustainable growth.
