Latest news with #MohammedGaladari
Hi Dubai
17 hours ago
- Business
- Hi Dubai
New Green Term Loan Secured for Galadari Sports Facility in Dubai
Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, has announced the successful completion of a new Green Term Loan Facility with Galadari Sports, part of Galadari Brothers, a leading Dubai-based conglomerate, to fund the construction of a new sports complex in the emirate. The state-of-the-art facility will be built to the strict rules and parameters of Dubai Municipality's Sa'fat Gold certification for green buildings, while funding for the project aligns with Emirates NBD's Sustainable Finance Framework. Located in the Al Quoz neighborhood, the complex is among only a few privately funded developments that are targeting Sa'fat Gold certification. A flagship project for Galadari Sports, once completed, it will help to set new standards in sustainability for recreational buildings and associated infrastructure. As a key part of securing funding through Emirates NBD's Sustainable Finance Framework and official Loan Market Association (LMA) Green Loan Principles, construction of the new complex will adhere to stringent protocols governing building processes and materials, while regular environmental monitoring and annual impact reports will assess its ongoing compliance. Once completed, the new green-certified community facility will feature swimming pools, gyms, squash and padel courts, with power and utilities provided by innovative and sustainable systems including solar panels and water recycling. Emirates NBD is committed to enabling the UAE's transformation into a green, low-carbon economy through initiatives such as its Sustainable Finance Framework. Part of a wide-ranging economic empowerment strategy, Emirates NBD's Sustainable Finance Framework is aligned with the aims of the United Nations Sustainable Development Goals (SDGs) and the UAE's Vision 2030 and Net Zero 2050 plans. Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD, said: This transaction between Emirates NBD and Galadari Sports is a clear and inspiring example of how sustainability-linked funding options continue to be a driving force in helping the UAE reach its Net Zero 2050 ambitions. The availability of new financing tools across sectors enables important collaborations between banking institutions and private companies, allowing for the creation of increased value through responsible, economically-empowering, and environmentally-friendly developments. Projects such as the Galadari Sports complex are at the forefront of a new wave of sustainable urban growth, with innovative green buildings – constructed according to the guiding principles of Dubai Municipality's Sa'fat Gold certification and aligned with Emirates NBD's Sustainable Finance Framework – providing essential services to communities. Mohammed Galadari, Co-Chairman and Group CEO of Galadari Brothers, said: This state-of-the-art project reflects our continued commitment to advancing sustainable development in the UAE. By investing in energy-efficient infrastructure and embracing green finance, we are proud to support the nation's Net Zero 2050 agenda while delivering long-term value to our communities. Our partnership with Emirates NBD marks a significant milestone for Galadari Brothers and reinforces our belief in the power of responsible, future-focused development. As we expand our presence in the wellness and recreation sector, sustainability will remain a core pillar of our long-term vision and growth strategy. News Source: Burson Global
Khaleej Times
4 days ago
- Business
- Khaleej Times
Mashreq structures debut sustainability-linked financing for Galadari Brothers
Mashreq, a leading financial institution in the Middle East and North Africa (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. 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 SLF introduces performance-based pricing linked to three core Key Performance Indicators (KPIs) centred 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. Mohammed Galadari, Co-Chairman and Group CEO of Galadari Brothers, said: 'This milestone Sustainability-Linked Financing deal marks an important step forward in our ongoing efforts to integrate environmental, social, and governance principles across all areas of our business. As we continue to grow and diversify, aligning our financial strategy with clear ESG goals is both a business priority and a reflection of the values we stand for. 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.' R V Ramanan, Group Chief Financial Officer of Galadari Brothers, said: 'This landmark transaction with Mashreq marks a significant step in aligning the Group's financing strategy with our ESG ambitions. It reflects our vision to progressively transition toward a fully green and sustainability-linked model. More than just a transaction, it reinforces our long-term commitment to responsible growth — integrating sustainability into the core of how we fund our expansion across sectors and regions.' Joel Van Dusen, Head of the Mashreq Corporate & Investment Banking Group, said: 'This 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. 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, commented: '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. 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' 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.
Khaleej Times
24-04-2025
- General
- Khaleej Times
CSR That Makes Waves: Galadari Brothers Employees Join Hands for Beach Clean-Up
Plastics are everywhere. From remote mountaintops to the depths of the ocean, plastic waste has become one of the most pressing environmental issues of our time. According to the United Nations, more than 400 million tonnes of plastic are produced globally each year, and over a third of it is designed for single use. Every minute, the equivalent of one garbage truck of plastic is dumped into our oceans. And without intervention, by 2050, there could be more plastic in the sea than fish by weight. Turning awareness into action, Galadari Brothers employees took part in a beach clean-up drive on April 12, removing 287 kg of plastic waste from the shoreline. The clean-up was part of the company's ongoing environmental efforts, focussed on reducing plastic pollution and promoting a more responsible approach to waste. This hands-on initiative served as a powerful reminder that small, collective actions can contribute to meaningful environmental change. Mohammed Galadari, Co-Chairman and Group CEO of Galadari Brothers, said: 'At Galadari Brothers, we believe that sustainability must be reflected in our actions, not just in our policies. Initiatives like the recent beach clean-up demonstrate the kind of responsible leadership and participation we aim to foster across the organisation. We're proud to see our teams actively contributing in ways that reflect both our values and our commitment to the communities we serve.' Among the volunteers was high school student Gesandi Wijesundara, who joined the clean-up alongside her mother, Menaka Perera, a member of the Galadari Brothers corporate team. For Gesandi, the experience was unexpectedly eye-opening. 'I have studied plastic waste in school, but this made it feel very real. Seeing it everywhere, from buried in the sand to floating near the shore, it hit differently,' she said. 'It made me think about how much we use without realising. It was an experience I will carry with me throughout my life.' A local problem with global urgency The UAE, like much of the world, faces increasing challenges from marine pollution. According to the Ministry of Climate Change and Environment, plastic accounts for 94% of waste found on UAE beaches. Recognising the urgency, the country has taken strong steps: banning single-use plastic bags, promoting the use of reusable products and launching the 'UAE Sustainable Blue Economy Strategy' to conserve marine resources. Initiatives such as 'Dubai Can' encourage people to refill bottles at free water stations, while nationwide policies are pushing businesses to reduce packaging and rethink materials. These efforts are part of the UAE's larger vision to achieve net-zero emissions by 2050. Galadari Brothers' ESG commitments The beach clean-up is one of several initiatives that reflect Galadari Brothers' ongoing and expanding ESG (Environmental, Social, and Governance) agenda. With a focus on community, climate and compassion, the company has steadily cultivated a culture of positive impact across its business units. Recent efforts include a Dh10 million contribution to the UAE's Fathers' Endowment Fund to support long-term community welfare projects and the planting of 10,000 mangroves along the country's coastlines to aid reforestation and carbon sequestration. Galadari Brothers has also led clothing donation drives and distributed Iftar meals during Ramadan to communities in need. Looking ahead Galadari Brothers is committed to expanding its ESG footprint with initiatives such as employee-led volunteerism, investing in green infrastructure and transparent reporting. Plans for the coming months include wadi clean-up drives in collaboration with local authorities, making sustainable self-care kits for low-income communities and toy-making workshops aimed at bringing joy to underprivileged children. Through both ongoing and upcoming projects, the organisation is working to meet global sustainability standards and help shape local benchmarks for responsible corporate leadership. From removing plastic waste on the ground to supporting national-level endowments, Galadari Brothers continues to demonstrate that CSR is most effective when purpose is backed by participation.
Khaleej Times
24-04-2025
- General
- Khaleej Times
Galadari Brothers employees join hands for beach clean-up
Plastics are everywhere. From remote mountaintops to the depths of the ocean, plastic waste has become one of the most pressing environmental issues of our time. According to the United Nations, more than 400 million tonnes of plastic are produced globally each year, and over a third of it is designed for single use. Every minute, the equivalent of one garbage truck of plastic is dumped into our oceans. And without intervention, by 2050, there could be more plastic in the sea than fish by weight. Turning awareness into action, Galadari Brothers employees took part in a beach clean-up drive on April 12, removing 287kg of plastic waste from the shoreline. The clean-up was part of the company's ongoing environmental efforts, focused on reducing plastic pollution and promoting a more responsible approach to waste. This hands-on initiative served as a powerful reminder that small, collective actions can contribute to meaningful environmental change. Mohammed Galadari, Co-Chairman and Group CEO of Galadari Brothers said: 'At Galadari Brothers, we believe that sustainability must be reflected in our actions, not just in our policies. Initiatives like the recent beach clean-up demonstrate the kind of responsible leadership and participation we aim to foster across the organisation. We're proud to see our teams actively contributing in ways that reflect both our values and our commitment to the communities we serve.' Among the volunteers was high school student Gesandi Wijesundara, who joined the clean-up alongside her mother, Menaka Perera, a member of the Galadari Brothers corporate team. For Gesandi, the experience was unexpectedly eye-opening. 'I have studied plastic waste in school, but this made it feel very real. Seeing it everywhere, from buried in the sand to floating near the shore, it hit differently,' she shared. 'It made me think about how much we use without realising. It was an experience I will carry with me throughout my life.' Local problem with global urgency The UAE, like much of the world, faces increasing challenges from marine pollution. According to the Ministry of Climate Change and Environment, plastic accounts for 94 per cent of waste found on UAE beaches. Recognising the urgency, the country has taken strong steps: banning single-use plastic bags, promoting the use of reusable products, and launching the "UAE Sustainable Blue Economy Strategy" to conserve marine resources. Initiatives such as "Dubai Can" encourage people to refill bottles at free water stations, while nationwide policies are pushing businesses to reduce packaging and rethink materials. These efforts are part of the UAE's larger vision to achieve net-zero emissions by 2050. Galadari Brothers' ESG commitments The beach clean-up is one of several initiatives that reflect Galadari Brothers' ongoing and expanding ESG (Environmental, Social, and Governance) agenda. With a focus on community, climate, and compassion, the company has steadily cultivated a culture of positive impact across its business units. Recent efforts include a Dh10 million contribution to the UAE's Fathers' Endowment Fund to support long-term community welfare projects, and the planting of 10,000 mangroves along the country's coastlines to aid reforestation and carbon sequestration. Galadari Brothers has also led clothing donation drives and distributed iftar meals during Ramadan to communities in need. Looking ahead Galadari Brothers is committed to expanding its ESG footprint with initiatives such as employee-led volunteerism, investing in green infrastructure, and transparent reporting. Plans for the coming months include wadi clean-up drives in collaboration with local authorities, making sustainable self-care kits for low-income communities, and toy-making workshops aimed at bringing joy to underprivileged children. Through both ongoing and upcoming projects, the organisation is working to meet global sustainability standards, and to help shape local benchmarks for responsible corporate leadership. From removing plastic waste on the ground to supporting national-level endowments, Galadari Brothers continues to demonstrate that CSR is most effective when purpose is backed by participation.
Khaleej Times
16-04-2025
- Business
- Khaleej Times
UAE students, parents line up as KT UniExpo showcases different courses, career paths
The two-day KT UniExpo is bringing together more than 35 educational institutions, showcasing various undergraduate and postgraduate courses. Participating universities are offering programmes in fields such as medicine, engineering, aviation, fashion design, and more. Students from various schools across the UAE and parents lined up as early as 9am to visit the different stalls and learn more about educational opportunities and new career paths. Held on April 16 and 17 from 8am to 6pm, KT UniExpo gives students an opportunity to make important decisions about their future. The event at The H Dubai hotel was inaugurated by Mohammed Galadari, Group Chief Executive Officer and Co-Chairman and Ibrahim Galadari, Group Chief Investment Officer and Director of the Galadari Group. Now in its eighth edition, KT UniExpo has been a top choice for school students to learn more about UAE-based universities and the courses they offer. IIT Delhi Abu Dhabi – the first international campus of the esteemed Indian Institute of Technology (IIT) group of universities was one of the participants at the fair. Considered to be one of the best engineering colleges in the world, noted alums of IITs include Alphabet Inc. CEO Sunder Pichai and Indian industrialist N. R. Narayana Murthy. Golden opportunity Visitors to the event were able to engage directly with universities and education providers and receive personalised guidance on higher education choices. Live question and answer sessions, seminars, and career counselling sessions will be held throughout both days to assist students with local and international sponsorships and financial aid options. For Shaurya, a Grade 11 student of the Credence High School, the event was a golden opportunity to explore future education opportunities. 'I am looking to pursue a career in psychology and I am looking for some courses in the field,' he said. 'I will be looking at options in India and the UAE, and I thought this would be a great place to get more information. I am particularly interested in Amity University.' Picking a course With the onslaught of artificial intelligence and machine learning, picking the right course for undergraduate and postgraduate studies has become more important than ever. Experts have suggested that millions of jobs will be displaced by automation, but AI will create over 97 million new job opportunities, including never-seen-before positions. Earlier this year, a QS World Future Skills Index found that the UAE was the most prepared Arab country to meet future job market demands in the green, AI, and digital sectors.
