BECO Holdings Ltd. (IFC-40414)

  • 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
Sep 22, 2017
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 Amount (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Sep 15, 2017

Disclosed by Bank Aug 15, 2017

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
BECO Holdings Ltd. (“BECO Fund I” or “BECO Holdings”) was established in 2014 and is a holding company investing in early stage technology companies originating primarily in the MENA region (predominantly GCC Countries, Egypt, Lebanon and Jordan). BECO is seeking a capital increase primarily for further growth and follow-on investments in existing portfolio companies. Support for SMEs: BECO Holdings has supported, mentored, and grown 12 companies so far. Additional funding will help these companies continue to foster job creation and grow into regional and global brands. ii. Access to long term early stage venture capital is limited in MENA. The gap is currently filled with a fragmented network of angel investors (mostly friends and family) who have limited capacity for follow on investments, limited management skills and a smaller network with which to support the investee companies' growth. These investors also have a shorter term investment horizon and IFC would create tremendous impact in the tech ecosystem through its longer term patient investment horizon. iii. Support of local entrepreneurship / innovation in high growth technology sectors.
Investment Description
  • International Finance Corporation (IFC)
Contact Information
BECO Capital Dany Farha CEO & Managing Partner +971 4 368 7811 Dubai, UAEP.O. Box 333357 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 You can learn more about the CAO and how to file a complaint at