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ARAB BANK REGIONAL FACILITY FOR SMES AND MIDCAPS

Signature(s)

Amount
€ 300,000,000
Countries
Sector(s)
Morocco : € 15,000,000
Palestine* : € 45,000,000
Lebanon : € 60,000,000
Egypt : € 75,000,000
Jordan : € 105,000,000
Credit lines : € 300,000,000
Signature date(s)
19/12/2017 : € 15,000,000
19/12/2017 : € 45,000,000
19/12/2017 : € 60,000,000
19/12/2017 : € 75,000,000
19/12/2017 : € 105,000,000

Summary sheet

Release date
23 November 2016
Status
Reference
Signed | 19/12/2017
20160489
Project name
Promoter - financial intermediary
ARAB BANK REGIONAL FACILITY FOR SMES AND MIDCAPS
ARAB BANK PLC
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 300 million
not applicable
Location
Sector(s)
Description
Objectives

The facility aims to finance eligible small and medium-sized investments undertaken by small and medium-sized enterprises (SMEs) and mid-caps in Jordan as well as Egypt, Lebanon, West Bank and Morocco, thereby contributing to economic resilience, employment-generating activities and alleviating the economic burden of the refugee crisis across the region.

Financing of small/medium projects carried out by SMEs, mid-caps and other private or public sector entities

Environmental aspects
Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Final beneficiaries will be requested to comply with applicable national and EU legislation and the EIB Guide to Procurement, as appropriate.

Under ELM Guarantee
Comments

This operation is covered by the ELM Guarantee.

This operation is covered by the EU Political Risk Guarantee for EIB loans outside the EU.

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

News & Stories

General enquiries and comments

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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