Beeah Group, the Middle East’s sustainability pioneer, has entered into a joint agreement with Emirates Islamic for a groundbreaking partnership that includes environmental, social, and governance (ESG)-linked financing facility, marking a significant milestone in advancing environmental goals in the UAE.  

 

This innovative initiative reflects both parties’ commitment to driving sustainable, smart solutions across industries for companies, cities and governments. 

 

In addition, the partnership exemplifies how strategic thinking and financial expertise can converge with sustainability to promote a greener future.

 

The financing facility’s proceeds will be strategically allocated to Beeah’s numerous activities across future-critical sectors including clean energy, green mobility and waste management.

 

The facility will also ensure regular Capex utilisations towards investment in the modern technologies and equipment utilised by Beeah to run existing and new sustainability-driven projects in the UAE and the wider GCC region.

 

Emirates Islamic will also collaborate and support Beeah's education and awareness initiatives to help promote sustainable practices among individuals and organisations alike. 

 

"As we continue to grow and spearhead ground-breaking industry firsts with our projects that support a more sustainable future for all, it is more important than ever that we collaborate with partners in other sectors to pave the way forward," stated Khaled Al Huraimel, Group CEO and Vice Chairman of Beeah Group after signing the deal with Farid Al Mulla, the CEO of Emirates Islamic.

 

"By working with Emirates Islamic, Beeah will continue to drive positive change for the environment, while exploring sophisticated financial mechanisms that support our initiatives," he added.

 

On the partnership, Al Mulla said Emirates Islamic’s commitment lies in supporting businesses that are focused on furthering the UAE’s long-term sustainability agenda, aligned with its own sustainability objectives. 

 

"Beeah is setting new standards for sustainability with its array of innovative ventures aimed at charting a course for a smarter and more sustainable future. We are pleased to sign an ESG-linked financial agreement with Beeah Group, a leader in the sustainability sector," he added.