ReutersReuters

Majid Al Futtaim Raises $1.25 Bln Sustainability Linked Revolving Credit Facility

MAJID AL FUTTAIM HOLDING LLC [RIC:RIC:MAAFUM.UL]:

  • RAISES USD 1.25 BILLION EQUIVALENT SUSTAINABILITY LINKED REVOLVING CREDIT FACILITY

  • FAB LEADING THE TRANSACTION AS SUSTAINABILITY COORDINATOR AND AGENT

  • REVOLVING CREDIT FACILITY (RCF) LINKED TO THE COMPANY’S ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) RELATED TARGETS

  • SLL AIMS TO FACILITATE REDUCTION IN MAJID AL FUTTAIM’S CARBON FOOTPRINT

  • FACILITY IS STRUCTURED ON THE BASIS OF THREE KPIS WHICH WILL BE INDEPENDENTLY ASSESSED ON AN NNUAL BASIS

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