PROJECT

Projects

Summary of Investment Information

Project Number

32145

Company Name

METITO HOLDINGS LTD

Date SPI Disclosed

Apr 17, 2012

Country

Middle East, Pakistan, and Afg Region

Region

Middle East

Projected Board Date

May 18, 2012

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Nov 30, 2016

Department

Gbl Infrastructure & Natural Resources

Industry

Infrastructure

Previous Events

Approved : Feb 14, 2014
Signed : May 29, 2013
Invested : Sep 27, 2013

Sector

Water and Wastewater Utilities

Project Description

Metito Holdings Limited (the “Company” or “Metito”), an existing IFC client, is the largest Middle Eastern-based privately-owned water group with operations in developing markets. The Company has asked IFC to assist it in arranging up to a US$120 million debt facility to finance the Company’s future projects (including expansions of existing facilities) and consolidate existing medium term facilities (the “Project”) from its subsidiaries into a single longer term corporate loan. The Company is well situated in the water deficient Middle East and North Africa (“MENA”) region and in China, where it is further expanding its presence. The Project would provide the Company with a longer term, consolidated financing package better adapted to its growth plans.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation