Egyptian Fertilizers Company (EBRD-49947)

  • Egypt
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
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
Apr 11, 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.
Egyptian Fertilizers Company SAE
The holder of the loan, grant, or other investment.
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 60.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 442.61 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jul 10, 2018

Disclosed by Bank Jul 3, 2018

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Project Description

The investment involves provision of a USD 60mn (EUR 48mn) long term loan to the Egyptian Fertilizers Company, a joint stock company incorporated in Egypt. 

The loan is part of the refinancing of the borrower's existing USD 445mn multi-tranche, multi-currency outstanding debt package. The loan will restructure the company's balance sheet and invest in measures to increase competitiveness.

Investment Description
Private Actors Description

EFC is a fully owned subsidiary of OCI N.V, a global producer of natural gas based fertilisers and industrial chemicals, listed on Euronext with operations in North America, Europe and North Africa. EFC's plants are located at the port of Ain Sokhna, Egypt's deepest port, approximately 55 km south of the Suez.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Egyptian Fertilizer Company Client -
- - - - OCI N.V. Parent Company -

Contact Information

Reham El Beltagy
+20 122 2188364


The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at or you can submit a complaint online using an online form, You can learn more about the PCM and how to file a complaint at