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    Signature(s)

    Amount
    € 20,000,000
    Sector(s)
    Services : € 20,000,000
    Signature date(s)
    30/06/2014 : € 5,000,000
    30/06/2014 : € 15,000,000
    Other links

    Summary sheet

    Release date
    9 April 2014
    Status
    Reference
    Signed | 30/06/2014
    20140028
    Project name
    Promoter - financial intermediary
    ABRAAJ NORTH AFRICA FUND II
    PRIVATE ENTITY(IES)
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 20 million
    EUR 180 million
    Location
    Sector(s)
    Description
    Objectives

    The proposed operation consists of an equity participation in Abraaj North Africa Fund II, a generalist private equity fund targeting expansion capital investments in private companies located in North African countries (Morocco, Algeria, Tunisia and Egypt).

    The Fund will seek to take minority or majority stakes in mid-market SMEs with proven business models and the ability to grow into regional leaders.

    Environmental aspects
    Procurement

    The Fund will operate in line with EIB requirements.

    Not applicable

    Other links

    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).

    General enquiries and comments

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    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.

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    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.

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    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.

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