PROJECT

Projects

Summary of Investment Information

Project Number

38071

Company Name

OMNI BRIDGEWAY MENA SERVICER

Date SPI Disclosed

Nov 22, 2017

Country

Middle East, Pakistan, and Afg Region

Region

Middle East

Projected Board Date

Jan 15, 2018

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

May 9, 2024

Department

Regional Industry FIG MCT

Industry

Financial Markets

Previous Events

Approved : Mar 13, 2018
Signed : Nov 9, 2018
Invested : May 29, 2019

Sector

Distressed Assets Servicer

Project Description

The project consists of establishing (i) a regional DARP Investment Vehicle for mobilizing private sector capital to acquire and manage an economic interest in pools of non-performing loans (“NPLs”) across several markets in Europe, Middle East & North Africa (“EMENA”) and (ii) a regional NPL servicer to service the acquired NPLs (the “Project”). For this purpose, IFC shall be co-investing with affiliates of Omni Bridgeway Holding B.V. (“OB Group”) in both the Investment Vehicle and the regional NPL servicer. 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation