PROJECT

Projects

Summary of Investment Information

Project Number

43386

Company Name

ALKURAIMI ISLAMIC BANK

Date SPI Disclosed

Jul 15, 2020

Country

Yemen, Republic of

Region

Middle East

Environmental Category

FI-3 - No Impact

Status

Pending Disbursement

Last Updated Date

Nov 19, 2025

Department

Regional Industry FIG MCT

Industry

Financial Markets

Previous Events

Approved : Nov 11, 2004
Signed : Oct 17, 2019

Sector

Commercial Banking - Trade

Project Description

The proposed Project (“the Project”) is an investment of up to US$2 million in Alkuraimi Islamic Bank (“KIB” 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. 

Associated Advisory Engagement

Advisory services project will include support to KIB as it develops into a full-fledged bank and includes activities on trade finance and corporate banking, risk management, product development, digital transformation, agent banking and corporate governance.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation