GC Credit II (IFC-37441)

  • Middle East and North Africa
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jan 29, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 26, 2018

Disclosed by Bank Dec 23, 2015

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Project Description

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 %).

Investment Description
  • International Finance Corporation (IFC)

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.

Private Actors
  • GC Credit Opportunities Fund II, L.P (Financial Intermediary)

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.

Contact Information

Walid Cherif
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


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