According to bank provided information, the investment involves a two-tranche local currency senior loan (the "Loan") of EGP 180m/EUR 9.1m to Hassan Allam Holding ("the Borrower").
The first tranche of EGP 55m/EUR 2.8m will finance the Borrower's capital participation in a growing FMCG e-commerce and distribution platform, whereas the second tranche of EGP 125m/EUR 6.3m will finance the Borrower's operating budget needs.
The project will support the client to implement improvements in Corporate Climate Governance (CCG) practices, including capacity building, identification of climate-action priorities and introduction of climate-related disclosures.
Hassan Allam Holding (HAH) is a leading Egypt-based engineering and construction group whose primary operations include infrastructure, industrial, and commercial projects in Egypt and the MENA region. Origins since 1936, makes HAH the oldest construction franchise in the MENA region, and boasts a solid reputation, superior technical capabilities, and a diversified portfolio. HAH delivered, as a contractor, more than 70 projects over the past five years and currently has a backlog exceeding USD 7 billion. HAH stands out with an integrated business model offering world class engineering solutions, besides general and specialized construction, along with a range of complementary business lines, subsidiaries and affiliates that include steel fabrication, a wood workshop, aggregate quarries, ready mix concrete, concrete products, building technologies & office solutions, a concrete pipes factory and construction chemicals. HAH also invests as a developer, an owner, and an operator in infrastructure and logistics in partnership with global sector leaders. Hassan Allam Holding principally operates in Egypt with more than 30 subsidiaries and associates stretching corporate and commercial activity to Germany, the Netherlands, Saudi Arabia, Oman, Jordan, Congo-Kinshasa and Algeria. The Company is one of the largest employers in Egypt with upwards of 40,000 between full time employees and daily workers.
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