According to bank documents, the investment involves, provision of up to MAD 55m (EUR 5m equivalent) long-term loan to Al Dahra Morocco ("ADMO") and Al Dahra Morocco Factories ("ADFAC"), two companies organised in Morocco. The Co-Borrowers are owned by Al Dahra Holding, a leading global agribusiness player, headquartered in Abu Dhabi, United Arab Emirates, and specialised in the cultivation, production and trading of animal feed and essential human food commodities such as rice, flour, fruits and vegetables.
Proceeds from the Loan will enable the Co-Borrowers to finance the construction and commissioning of a new olive oil factory in the Fez-Meknes region in Morocco, for a total cost of up to MAD 55m (EUR 5m equivalent). The Project will enable Al Dahra to leverage on their existing olive farms in the Fez-Meknes region and aggregate other olive farmers in the region, to integrate downstream into production of olive oil mainly targeting the export market.
ADMO and ADFAC are dedicated to the farming and production of fruits and olives and will start shortly the production of olive oil.
Al Dahra Holding is a global agribusiness player, founded in 2005 with headquarters in Abu Dhabi, UAE. The Group has significantly grown since to become one of the largest global producers of alfalfa (main forage for livestock) and to diversify further into grains, rice, and fruits and vegetables production and trading. As a result, the Group has now presence in more than 20 countries and a global workforce of 5,000 employees.
ACCOUNTABILITY MECHANISM OF EBRD
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