(MENAFN) Joyalukkas, the Dubai-based leading jewelry retail chain has gathered a sum of USD136 million through multiple banking arrangements, according to the latest released data.
Accordingly, the added funding should help the firm to take the cost advantage of the current rate of interest, let alone that this well-prove its strong financial position and good track record.
Additionally, there will also be a USD80 million term loan with a five year tenor which will be settled as a club deal with three of UAE's leading financial institutes including Standard Chartered Bank.
The top jewelry retailer is spread across 10 nations with a chain of more than 110 showrooms, and this recent strategic funding move is set to make it more successful both regionally and globally.
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