37453 - GTFP ADIB EGYPT

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Summary of Investment Information

Project Number

37453

Company Name

ABU DHABI ISLAMIC BANK-EGYPT SAE

Date SPI Disclosed

Jan 19, 2022

Country

Egypt, Arab Republic of

Region

Africa

Projected Board Date

Oct 8, 2021

Environmental Category

FI-3 - No Impact

Status

Pending Disbursement

Last Updated Date

Nov 19, 2025

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : Nov 11, 2004
Signed : Aug 11, 2015

Sector

Commercial Banking - Trade

Project Description

The Proposed Project (“the Project”) is an investment of up to $20 million in Abu Dhabi Islamic Bank Egypt (“ADIBE” or the “Bank”) in the form of a trade finance guarantee facility. This project was approved as part of IFC’s Global Trade Finance Program or “GTFP” – Project 23898.

Sponsor / Cost / Location

Product Line	IFC Investment (million USD)
Risk Management
Guarantee	7000.0
Loan
Equity

Development Impact

The project builds on GTFP's global platform, increasing access to trade finance to emerging markets. The Project will provide increased access to trade finance to the Bank's customers. On the market side, the project will further connect the Bank's cross-border connections, increasing the country's integration through both financial and real sector channels. It will help to link more traders to other countries and connect the country's financial markets more deeply.

A non-financial source of additionality includes GTFP's catalytic role as a trusted facilitator among cross-border correspondent banks. GTFP's guarantee structure helps to reduce key elements of confirmation risk for banks that provide this essential service for trade finance. 2. The Project taps GTFP's global financial institution network for trade finance, which, along with IFC's trade finance due diligence expertise, increasing the probability of new cross border relationship formation for the Bank. 3. IFC provides comfort to confirming banks by mitigating non-commercial non-environmental and social risks, such as country, regulatory, project, or political risks, while adhering to IFC's principle of political neutrality. 4. The Project is expected to help the Bank strengthen its trade finance operations. In addition, the Bank will benefit from IFC's technical expertise in redesigning its trade solutions and marketing materials.

E&S Category Rationale / Risks and Mitigation

This Project will support short-term trade finance activities. The E&S risks and impacts associated with these activities are considered low and the project has therefore been classified as a category FI-3 project in accordance with IFC's Sustainability Policy. The trade finance activities supported by the Project will be required to meet the requirements of the IFC's Exclusion List. The Project will not support any activities with significant E&S concerns such as: (a) involuntary resettlement; (b) risk of adverse impacts on Indigenous Peoples; (c) significant risks to or impacts on the environment, community health and safety, biodiversity, cultural heritage; or (d) significant occupational health and safety risks. It will also not support any activities related to upstream oil & gas production and activities related to coal such as coal mining, coal transportation, coal-fired power plants, or infrastructure services exclusively dedicated to support any of these activities. IFC will review the details of the underlying trade transactions to confirm that they do not include activities in the IFC Exclusion List.

Contacts

For Inquiries About the Project, Contact

Abu Dhabi Islamic Bank Egypt
Mr. Sameh Khalil
Head of Investments, Private Banking and Investors Relations
00202 38 28 9300
ADIBEgypt@adib.eg
9A Rostom Street, Garden City, Cairo
www.adib.eg

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