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$968,877.00 (Project budget includes all project-funded activities)
Last Updated Date
Jul 9, 2025
Project Estimated Start Date
Mar 9, 2020
Project Estimated End Date
Project Estimated End Date Pending
Project Description
This proposed advisory project aims to assist Al Bilal Group for General Contracts Co. Ltd in assessing Financial Statements potential gaps between Local Accounting Standards and IFRS. Additionally, it seeks to foster the company's growth by enhancing the efficiency of its financial resource management.
Development Results
The project will be expected to increase Al Bilal Group for General Contracts Co. Ltd access to international financiers.
E&S Risks / Impacts and Mitigation
Performance Standard
Description and Potential Impact
Mitigation
Performance Standard 1: Assessment and Management of Environmental and
Social Risks and Impacts
As part of its Due Diligence, and as mandated by IFC Sustainability
Policy, IFC team has screened this project to assess consistency with IFC's
Performance standards. Environmental and social risks will be further reviewed
throughout the life-cycle of the project.
IFC advice will be provided in a manner consistent with the principles
of the relevant Performance Standards. The IFC team will assist the client, as
final decision maker, in gaining a good understanding of IFC's Performance
Standards, and provide recommendations for appropriate mitigation measures
whenever warranted.
Press-Release
Additional Documents
Similar Projects
This Summary of Advisory Services Project Information (ASPI) is prepared by IFC to disclose a factual summary of the main elements of this advisory services project. It may also include findings and recommendations related to environmental and social considerations regarding this project. The purpose of the ASPI is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the client. IFC considers that this ASPI is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.
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