Dubai, 30 July 2025: Joyalukkas, one of the world’s leading jewellery retail chains, has secured a major financial boost with a AED 500 million working capital facility from Emirates NBD, a premier banking group in the Middle East, North Africa, and Türkiye (MENAT) region.
The landmark agreement marks a significant step in Joyalukkas’ strategic growth plans as the brand gears up to expand its footprint not only across the UAE but also in key global markets such as the United Kingdom, United States, Canada, and Australia.
“This working capital facility is a timely enabler for our long-term expansion roadmap,” said a Joyalukkas spokesperson. “It reflects the confidence Emirates NBD has in our brand, our business model, and our ability to deliver consistent growth.”
Joyalukkas, which already operates an extensive network of showrooms across multiple countries, aims to further strengthen its global presence by entering new markets and enhancing customer experience through digital innovation and retail transformation.
The AED 500 million facility is expected to support the company’s operational flexibility and allow it to scale efficiently as it targets evolving consumer demands in the international luxury retail segment.
Industry experts view the partnership as a strong endorsement of Joyalukkas’ resilience and robust financial planning in an increasingly competitive global market.
