Long-Term Loan Strengthens Cenomi Retail’s Financing with Emirates NBD

The company has entered a new financing arrangement under a long-term loan framework aimed at restructuring liabilities and strengthening liquidity.

The move follows the refinancing of short-term facilities into multi-year funding, supporting financial stability and operational flexibility.

The long-term loan spans an initial three-year tenor with options to extend for up to two additional years, enabling alignment between repayment schedules and business plans.

This structure underscores the lender’s confidence in the company’s credit profile.

The agreement includes a package of guarantees, such as promissory instruments and related-party support, enhancing credit terms and risk mitigation.

Overall, the long-term loan is expected to improve leverage metrics and underpin growth over the coming period.