Turkcell Secures $150 Million Loan from Dubai Islamic Bank
Deal News | May 27, 2025 | Zawya
Dubai Islamic Bank, the largest Islamic bank in the UAE, has entered into a $150 million Sharia-compliant financing agreement with Turkcell, a telecom company based in Istanbul. This five-year Murabaha facility aims to bolster Turkcell's infrastructure investments focusing on data centers, cloud technologies, and renewable energy. The transaction is said to be instrumental in advancing Turkcell's long-term growth and expanding opportunities within the Gulf region for potential investors. Turkcell CEO Ali Taha Ko emphasized the significance of this funding in accelerating the company's developmental objectives.
Sectors
- Telecommunications
- Banking
- Renewable Energy
Geography
- Turkey – Turkcell is headquartered in Istanbul, Turkey, and the infrastructure development will take place in Turkey.
- United Arab Emirates – Dubai Islamic Bank, the lender, is based in the UAE, indicating a cross-regional financial arrangement.
Industry
- Telecommunications – The article involves Turkcell, a major player in the telecommunications industry, focusing on infrastructure investments.
- Banking – Involves Dubai Islamic Bank providing a significant loan, highlighting the role of financial institutions in corporate financing.
- Renewable Energy – Turkcell's investments supported by the loan include renewable energy, indicating involvement in this sector.
Financials
- $150 million – Sharia-compliant five-year Murabaha facility agreement between Dubai Islamic Bank and Turkcell.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Dubai Islamic Bank | Lender | Company | The UAE's largest Islamic bank, providing a $150 million loan to Turkcell. |
| Turkcell | Borrower | Company | Istanbul-based telecommunications company, recipient of the loan for infrastructure expansion. |
| Ali Taha Ko | CEO | Person | CEO of Turkcell, commented on the significance of the financing deal. |