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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
Link to source
Data sheet
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

Link to source
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

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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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