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Signature(s)

Amount
€ 18,473,461.3
Sector(s)
Services : € 18,473,461.3
Signature date(s)
20/12/2019 : € 18,473,461.3
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Summary sheet

Release date
13 November 2019
Status
Reference
Signed | 20/12/2019
20190666
Project name
Promoter - financial intermediary
FOURSAN CAPITAL PARTNERS FUND II
ACCEPTABLE CORPORATE(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
USD 20 million (EUR 19 million)
USD 200 million (EUR 181 million)
Location
Sector(s)
Description
Objectives

Foursan Capital Partners Fund II is a generalist sector fund, focussing on investments primarily on small and medium-sized enterprises (SMEs) located in the Levant region and North Africa.

The fund will build on the strategy followed by its predecessor funds, Jordan Fund and Foursan Capital Partners I, in making equity investments in enterprises operating in the Levant region and North Africa, with a focus on Jordan. The fund will seek to acquire significant minority and/or majority stakes in companies that have a strong market position and potential for growth. The operation will support the development of the private sector by increasing access to finance, reducing unemployment and attracting private and institutional investors to the region.

Environmental aspects
Procurement

The fund manager has developed and implements an Environmental, Social and Governance Policy, which complies with national regulation as well as the IFC Performance Standards.

Not applicable

Related projects
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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).

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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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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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