43466
NATIONAL DAIRY AND FOOD COMPANY
Sep 29, 2020
Yemen, Republic of
Middle East
Dec 10, 2020
B - Limited
Completed
May 8, 2026
Regional Industry MAS MCT
Agribusiness and Forestry
Approved : Dec 10, 2020
Signed : Dec 28, 2020
Invested : Jul 6, 2021
Grain Processing (Milling, Starch, Flour, Malt)
Blended Finance
The proposed investment consists of a US$75 million financing package to Hayel Saeed Anam (HSA or the Sponsor) Group’s food processing operations in Yemen (HSA Foods). The funds will be used to finance the permanent working capital needs of HSA Foods which is producing necessity foods such as flour, sugar and dairy products for local consumption.
Advisory services engagement is being considered in two key areas, namely:
i) Energy and water efficiency / wastewater treatment solutions to reach optimum design for wastewater treatment plans of HSA Foods considering significant water scarcity issues in Yemen. Energy efficiency work will also be looking into alternative generation solutions for the plants, including hybrid solar/thermal solutions.
ii) Gender diversity: IFC gender team will also be engaging with HSA Foods to support their plans to increase women participation in the workforce.
For Inquiries About the Project, Contact
For Inquiries and Comments About IFC, Contact
Local Access of Project Documentation
Nadfood, Taiz- Al Houban, HSA manufacturing Complex, Yemen
Telephone: +967-771-228-0000