47399
KANDIL STEEL
May 3, 2023
Egypt, Arab Republic of
Africa
Jul 14, 2023
B - Limited
Active
Dec 13, 2023
Regional Industry - MAS Africa
Manufacturing
Approved : Jul 14, 2023
Signed : Aug 3, 2023
Invested : Sep 7, 2023
Re-Rolling and Drawing of Purchased Steel
Kandil Steel S.A.E (“KS” or the “Company”) is the leading downstream flat steel supplier in Egypt and having export capacity. The proposed investment is an IFC A loan of up to US$25 million to finance the Company’s permanent working capital needs, the “Project”.
IFC is supporting the Company through a Resource Efficiency (“RE”) advisory program to help decarbonize the Company’s operations and reduce greenhouse gas emissions. In addition, the Company is seeking IFC’s support to improve its corporate governance practices through a potential Corporate Governance (“CG”) advisory program.
For Inquiries About the Project, Contact
For Inquiries and Comments About IFC, Contact
Local Access of Project Documentation
Parcel of Land No. 5, Block 13035-11771, Industrial Zone, Obour City, Cairo, Egypt