Mashreq extends debut sustainability-linked loan to Dar Al Marefa School

Mashreq extends debut sustainability-linked loan to Dar Al Marefa School

- Dar Al Marefa has set an ambitious and comprehensive plan to increase teacher professional development targets in addition to extending scholarship programs to widen access to inclusive and quality education.

Dubai, UAE – Mashreq, a leading financial institution in the MENA region, has announced its collaboration with Dar Al Marefa School, Dubai’s only bilingual (English and Arabic) IB Curriculum school and part of Al Ghurair Investment, providing it with a sustainability-linked loan (SLL), reflecting Mashreq's steadfast commitment to sustainable finance.

In this ten-year SLL agreement, Dar Al Marefa commits to enhancing the Continuing Professional Development (CPD) hours for all its educators, ensuring the continuous development of highly qualified teachers in their specialised fields.

The SLL will also support an increase in the number of scholarships offered by the school under the “Mohammed Bin Rashid Distinguished Students Program”, an initiative aimed at providing outstanding Emirati students with the opportunity to join private schools in Dubai. The school has committed to welcoming an additional 10 scholarships specifically targeting female students, promoting equal and inclusive access to quality education.

Ahmed Abdelaal, Group Chief Executive Officer at Mashreq, commented: “We are proud to announce our commitment to sustainable finance by extending a groundbreaking sustainability-linked loan to Dar