Majid Al Futtaim secures $1.5 billion Sustainability-Linked Loan ...United Arab Emirates

ME CONSTRUCTION NEWS - Local News
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 18
Majid Al Futtaim, the leading shopping malls, communities, retail and leisure pioneer across the Middle East, Africa and Asia, has signed its inaugural $1.5 billion (AED 5.51 billion) Sustainability-Linked Loan (SLL), a financial instrument secured primarily on environmental, social and governance (ESG) related performance. In line with Majid Al Futtaim’s ambitious sustainability strategy, the SLL aims to facilitate and support environmentally and socially sustainable economic activity and growth by incentivising ambitious, predetermined sustainability performance objectives. Majid Al Futtaim’s five-year SLL is structured as a revolving credit facility (RCF) and is the largest corporate, non

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