This project invests funds into a a diverse range of sectors consisting of consumer goods (10 %), electrical equipment, appliances and components (10 %), finance and insurance (10 %), food and beverages (10 %), machinery and other goods (20 %), oil, gas and mining (15 %), telecommunications (10 %), and wholesale and retail trade (15 %).
The project consists of a US$25 million equity investment in Gulf Capital Credit Opportunities Fund II, L.P., whose sole general partner is Gulf Capital Credit Opportunities GP II Limited, a Cayman Islands exempted company. Gulf Capital Credit Opportunities GP II Limited will appoint Gulf Capital Credit Partners Ltd. as its investment adviser.
The GC Credit Opportunities Fund II, L.P. succeeds Gulf Capital Credit Opportunities Fund I, L.P. where IFC invested US$20 million in 2013. The Fund, sponsored by Gulf Capital Pvt. JSC, has a target size of US$250 million. First close has been achieved in Dec 2015.
Managing Director & Head
Gulf Capital Credit Partners
T. +971 4 436 6801 | M. +971 50 854 9745
Al Fattan Currency House
Office 2802, Level 28, Tower 2
Dubai International Financial Center
ACCOUNTABILITY MECHANISM OF IFC
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/