ISC-Ibtikar Fund (IFC-39432)

Countries
  • Palestine, West Bank, Gaza
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
Active
Bank Risk Rating
FI
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.
Borrower
IBTIKAR FUND
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 1.00 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 Jul 14, 2018

Disclosed by Bank Jan 25, 2017


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Project Description

Ibtikar Fund LP (“Ibtikar” or the “Fund”) is an early stage venture capital fund raising $10-12 million to invest in 45+ seed stage companies in Palestine. This investment will fall under the IFC Startup Catalyst initiative, which supports entrepreneurship and innovation at the earliest stages.

Investment Description
  • International Finance Corporation (IFC)
Private Actors

Ibtikar Development Oman SAOC is a venture capital firm specializing in startups.

Contact Information

ACCOUNTABILITY MECHANISM OF IFC

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