PROJECT

Projects

Summary of Investment Information

Project Number

36976

Company Name

SOUQ.COM FZ-LLC

Date SPI Disclosed

Jul 23, 2015

Country

Middle East, Pakistan, and Afg Region

Region

Middle East

Projected Board Date

Aug 4, 2015

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Jun 12, 2021

Department

Equity Portfolio Management

Industry

Tourism, Retail and Property

Previous Events

Approved : Aug 4, 2015
Signed : Oct 30, 2015
Invested : Nov 6, 2015

Sector

Retail (Including Supermarkets, Grocery Stores, etc.)

Project Description

Souq Group Ltd. (BVI) (“Souq”, or the “Company”) is the largest e-commerce site in the Middle East, featuring more than 600,000 products across 21 categories in consumer electronics, fashion (apparel and accessories), personal care, and home improvement. The proposed IFC investment is to support the Company in its plans to expand its expansion in existing and new markets, including emerging markets (the “Project”).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation