PROJECT

Projects

Summary of Investment Information

Project Number

48659

Company Name

NOVATEX LIMITED

Date SPI Disclosed

Nov 18, 2024

Country

Pakistan

Region

Middle East

Projected Board Date

Dec 31, 2024

Environmental Category

B - Limited

Status

Pending Signing

Last Updated Date

Sep 6, 2025

Department

Regional Industry MAS MCT

Industry

Manufacturing

Previous Events

Approved : Sep 5, 2025

Sector

Plastics Material and Resin

Project Description

 IFC is proposing to provide a senior A-loan of up to US$20mn (the “IFC Loan”) to fund Novatex’s working capital requirements for import of raw materials, machinery, and related services to support the Company’s existing operations (the Project). IFC will also play a catalyst role and mobilize parallel loans of up to US$40mn in LCY (the “Parallel Loan”)

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation