According to bank provided information, the proposed operation consists of an equity participation of up to USD 10 million in Badia Impact Fund II, a venture capital fund investing in tech-oriented growth-stage and start-up enterprises. The Fund has a target size of USD 50 million and its target market is the Southern Neighbourhood, with a strong emphasis on Jordan and Egypt.
The Fund aims to generate long-term return for its investors, as well as significant development impact on the markets where it operates, namely by:
*Contact information not provided at the time of disclosure*
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