Original disclosure @ IFC website
Updated in EWS Feb 20, 2021
Disclosed by Bank Feb 18, 2021
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According to the bank's website, "The proposed IFC investment is a senior long-term loan for up to US$ 50 million to Brandix to finance the medium and long-term term working capital requirements and the growth and maintenance of capital expenditure in Sri Lanka (the “Project”). The proceeds from the proposed investment will be used exclusively for the company’s Sri Lankan operations."
BAL is 100% owned by BLL, which in turn is 100% owned by Phoenix Ventures Limited, in which Messrs Mohamed Haji Omar, Mohamed Aslam Omar, Mohamed Ashroff Omar and Feroz Omar hold beneficial interest.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Brandix Lanka Limited||Client||-|
|-||-||-||-||Phoenix Ventures Limited||Parent Company||-|
Brandix Apparel Limited
Group Finance Director
+(94) 11 4727222
25 Rheinland Place, Colombo 3, Sri Lanka
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