Dubai – Mubasher: Emirates NBD has inked a five-year dual-tranche financing facility worth $750 million with Emirates Airline.

The facility is the first transaction signed by Emirates as a sales-receivable backed financing structure to diversify its liquidity pool, according to a press release on Tuesday.

Emirates NBD acted as a bookrunner, mandated lead arranger, and global agent for the transaction.

The Senior Executive Vice President and Group Head of Corporate & Institutional Banking for Emirates NBD, Ahmed Al Qassim, commented: "As a leading regional bank, we are continuously exploring new and innovative financing solutions to support our valued clients and their long-term objectives."

Meanwhile, Al Qassim added: "As Dubai gears up to be the most visited city by 2025, we look forward to playing our part in achieving this goal through more of such landmark transactions with Emirates Airline."