EFC Egypt II (IFC-41098)

Countries
  • Egypt
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
Proposed
Bank Risk Rating
B
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
Apr 23, 2018
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.
Borrower
EGYPTIAN FERTILIZERS CO. S.A.E
The holder of the loan, grant, or other investment.
Sectors
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 100.00 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 Apr 26, 2018

Disclosed by Bank Mar 20, 2018


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

Project Description

The proposed IFC’s investment is up to US$100mln to refinance EFC’s existing debt and support its maintenance capex and working capital needs.

Investment Description
  • International Finance Corporation (IFC)
Private Actors
Private Actors Description

Egyptian Fertilizers Company (EFC) is the largest private sector granular urea producer in Egypt.

Contact Information

EFC 
Mrs. Nathalie Gundi 
Group Corporate Treasury 
+202 2461 1602 
nathalie.guindi@orascom.com 
Nile City South Tower, 14th Floor, 2005A Corniche El Nil, Cairo - Egypt 11221 
http://www.oci.nl/oci-fcg/our-facilities/egyptian-fertilizers-company/

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/