Release date: 6 December 2010
Promoter – Financial Intermediary
Abraaj Capital/Riyada Enterprise Development
Location
Description
An equity participation in a generalist Private Equity fund in the Palestinian Territories.
Objectives
The Fund will seek to acquire stakes in privately-held Palestinian SMEs by providing these businesses with long-term capital in addition to the institutional support.
Sector(s)
Proposed EIB finance (Approximate amount)
USD equivalent of EUR 5 million
Total cost (Approximate amount)
Total size of the Fund is USD 50 million, with a minimum USD 30 million at first close
Environmental aspects
Not applicable.
Procurement
Not applicable.
Status
Under appraisal - 6/12/2010
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).