A banking services provider in the MENAT region, Emirates NBD, has signed an ESG-linked working capital facility with Landmark Retail, a prominent retail conglomerate in the Middle East. This landmark deal is the first bilateral sustainability-linked loan signed by a private company in Saudi Arabia, reflecting both entities’ commitment to the Kingdom’s Vision 2030 sustainability goals.
The agreement, signed at Emirates NBD’s Riyadh headquarters, highlights Landmark Retail’s ongoing efforts toward achieving Net-Zero targets. This new facility extends the partnership between the two organisations, reinforcing Landmark Retail’s commitment to sustainable business practices through increased use of renewable energy and sustainable materials in its products.
Landmark Retail, a leader in omnichannel retail, first transitioned to a sustainability-linked loan in 2022 with Emirates NBD. The current agreement strengthens that initiative and focuses on integrating ESG (Environmental, Social, and Governance) objectives into its business model.
“We are proud to support our long-standing partner Landmark Retail in its sustainability journey,” said Pri McNair, Group Co-Head of Corporate Coverage at Emirates NBD. “This agreement is a significant step toward a greener future for the Kingdom,” he added.
The partnership aligns with both companies’ shared goals of reducing environmental impact and advancing sustainable business practices across Saudi Arabia.
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