Al Douh Cement (IFC-43750)

Countries
  • Iraq
Geographic location where the impacts of the investment may be experienced.
Specific Location
Al Muthanna city
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 15, 2022
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
AL DOUH IRAQI COMPANY FOR CEMENT INDUSTRIES LLC
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Construction
  • 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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 130.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 65.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 220.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Nov 16, 2022

Disclosed by Bank Nov 14, 2022

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to bank provided information, the proposed investment consists of a US$130 million financing package to Al Douh Iraqi Company for Cement Industries LLC (the “Company” or “Al Douh”) based in Al Muthanna city, Iraq and specialized in cement production. The funds will be used to finance the expansion of Al Douh’s plant from 1.5 million ton (“mt”) to 3.5mt per annum of Sulphates Resistant Cement (SRC) and Ordinary Portland Cement (OPC), (“the Project”).                                                    

Associated Advisory Engagement: IFC will support the Company in developing a decarbonization plan to reduce carbon footprint of the Project.   
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The Project cost is estimated at US$220 million and will be financed through a combination of Sponsors equity and debt financing. IFC is proposed to arrange a financing package of up to US$130 million comprising of an (i) IFC A loan of up to $65 million and (ii) a mobilization tranche of up to $65 million.

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

The Company is owned by members of the prominent Al Khawam family of Iraq with Mr. Hatam Al Khawam and Mr. Ali Al Khawam (the “Sponsors”) each owning 50% share. The Sponsors are well-respected and known members of Al Khawam family with over 20 years track-record of building successful businesses in Iraq and Jordan.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Al Douh Iraqi Company for Cement Industries LLC Client -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Al Douh Company for Cement Industries LLC
Dr. Noor Al-Anbaki
Business Development
+962 777400226
Noor.sami@al-douh.com 
Arar Mustafa Wahbi Al Tal St 213, Amman, Jordan. Fax: +962 658 0043
Websitehttps://www.riyadhgrp.com/AlDouhCement/

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries 

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

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 

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How it works