Search EN menu en EIB GROUP CLIENT PORTAL
Close EIB GROUP CLIENT PORTAL
Search
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

MENA JOINT INVESTMENT FUND

Signature(s)

Amount
€ 10,000,000
Sector(s)
Services : € 10,000,000
Signature date(s)
1/10/2009 : € 10,000,000
Link to source
Data sheet
MENA JOINT INVESTMENT FUND
Other links
Summary sheet
Mena Joint Investment Fund
Related press
Egypt: EIB supports private companies in the region

Summary sheet

Release date
27 August 2009
Status
Reference
Signed | 01/10/2009
20090419
Project name
Promoter - financial intermediary
Mena Joint Investment Fund
Citadel Capital
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 10 million equivalent.
The target size of the fund is USD 500 million committed capital at first closing is foressen at USD 100-150 million.
Location
Sector(s)
Description
Objectives

Equity participation on ENPI risk capital resources of up to EUR 10 million equivalent in Mena Joint Investment Fund, a fund investing in majority and controlling stakes in private companies across selected industries.

The aim of the Fund is to create value by creating, restructuring or growning companies by focusing on boosting naturally advantaged industries and improving the competitiveness of those suffering from a legacy of inefficiencies.

Environmental aspects
Procurement

In addition to complying with Egypt’s environmental laws, regulations and policies and, where appropriate, EU legislation (e.g. sensitive sectors, environmental impact assessment), the Fund has agreed to develop environmental guidelines in agreement with its leading investors, namely the IFC, the African Development Bank and the EIB.

N/A (private sector investment).

Link to source
Summary sheet
Mena Joint Investment Fund
Other links
Data sheet
MENA JOINT INVESTMENT FUND
Related press
Egypt: EIB supports private companies in the region

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

News & Stories

Link to source
Related press
Egypt: EIB supports private companies in the region
Other links
Data sheet
MENA JOINT INVESTMENT FUND
Summary sheet
Mena Joint Investment Fund

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

Related publications