Majid Al Futtaim secures sustainability-linked loan for $1.25bn ...United Arab Emirates

Mall and leisure specialist Majid Al Futtaim has inked its second sustainability-linked loan (SLL), which has been structured as a US $1.25bn revolving credit facility (RCF) linked to its environmental, social and governance (ESG) related targets. The SLL aims to facilitate the reduction in the company’s carbon footprint by reducing its scope one & scope two emissions, and implementing LEED certification for its buildings, as well as improving gender diversity within the organisation demonstrating its commitment towards the environment as a socially responsible employer, the organisation said. First Abu Dhabi Bank (FAB) led the transaction as sustainability coordinator and agent. In line wit

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