Mashreq Provides Sustainability-Linked Finance for Galadaris

Mashreq, a leading financial institution in the MENA region, has structured the first Sustainability-Linked Financing (SLF) for Galadari Brothers, a UAE-based leading conglomerate, marking a significant step in advancing their sustainability journey.

As one of the UAE’s most diversified and longstanding business groups – with operations spanning media, heavy equipment, food and beverage, motors, engineering, projects, facility management, sports, travel and hospitality, real estate, and other ventures, Galadari Brothers is accelerating its commitment to a robust sustainability strategy, further engaging stakeholders through clear KPIs and ambitious targets.

This transaction supports Mashreq’s broader sustainable finance strategy and contributes to its goal of facilitating $30 billion in sustainable finance by 2030. The bank has played a leading role in several notable ESG transactions in the region, including the largest sustainability-linked loan in the region to date.

The facility is also part of Mashreq’s Climb2Change initiative, a global platform that unifies the bank’s efforts in sustainable finance, responsible banking, and social impact, reinforcing its position as a leader in sustainable banking across the MENA region.

Structured under Mashreq’s bilateral lending relationship with the group, this transaction represents one of the largest bilateral SLF deals for a local UAE conglomerate till date, the lender said in a statement.

The SLF introduces performance-based pricing linked to three core Key Performance Indicators (KPIs) centered around resource efficiency, circular economy and internal capacity building and institutional alignment with ESG principles. The financing builds on the group’s inaugural green loan previously extended by Mashreq in 2023 to support energy-efficiency retrofits at Galadari’s flagship hotel in Sri Lanka.

SLF Part of Financing Structures

Group Head of Corporate & Investment Banking at Mashreq Joel Van Dusen said that the transaction with Galadari Brothers, a name synonymous with industrial and commercial growth in the UAE, demonstrates how sustainability can be embedded into core financing structures.

He added: “As long-term partners, we are proud to support the group’s Sustainability ambitions and to play a catalytic role in the region’s transition toward more responsible capital markets. Sustainability-linked finance is the future of corporate lending, and we are committed to helping clients lead from the front.”

Faisal AL Shimmari, Head of ESG and Corporate Strategy at Mashreq, said that this deal is a clear example of how sustainability-linked finance can be applied across complex, multi-sector businesses, not just to drive environmental outcomes, but to empower people and communities.

As one of Mashreq’s largest bilateral transactions to date, it reflects a broader shift in the region, where more companies are aligning financing with their ESG ambitions in ways that directly impact lives.

He said that this SLF with Galadari Brothers builds on Mashreq’s commitment to helping clients achieve measurable ESG outcomes that support both national priorities and global sustainability goals.

“By embedding human-centricity into our financial instruments—through inclusive KPIs, transparent governance, and stakeholder engagement—we ensure that sustainability is not just about metrics, but about meaningful progress for individuals, families, and society at large,” he added.

Mohammed Galadari, Co-Chairman and Group CEO of Galadari Brothers, said that this milestone SLF deal marks an important step forward in their ongoing efforts to integrate environmental, social, and governance principles across all areas of their business.

“Our partnership with Mashreq reinforces our commitment to building a more sustainable future for our businesses, our people, and the communities we serve, while also supporting the UAE’s broader vision for responsible and inclusive growth,” he added.