Release date: 13 March 2007
Promoter – Financial Intermediary
Bader, a Lebanese entrepreneurial network.Location
Description
Participation in the setting up of a private equity fund focused on Small and Medium-sized Enterprises (SMEs) in Lebanon.
Objectives
The project will improve the financing of SMEs in Lebanon. SMEs are seen as a key factor for the reconstruction and improvement of the competitiveness of Lebanon's economy.
Comments
Lebanese technology, services or innovative traditional companies.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to the lower of EUR 5 million or 25% of fund size.
Total cost (Approximate amount)
Up to USD 22 million (EUR 17 million) fund size.
Environmental aspects
The fund will only invest in companies that comply with the environmental standards required by the EIB.
Procurement
Not applicable.
Status
Signed - 23/07/2007
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).