PROJECT

Projects

Summary of Investment Information

Project Number

48953

Company Name

National Finance Company. SAOG

Date SPI Disclosed

Dec 23, 2024

Country

Oman

Region

Middle East

Projected Board Date

Jan 24, 2025

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jun 29, 2025

Department

Regional Industry FIG MCT

Industry

Financial Markets

Previous Events

Approved : Feb 6, 2025
Signed : Apr 14, 2025
Invested : Jun 23, 2025

Sector

Leasing Services

Project Description

The Project involves a secured loan of up to US$120 million to be committed and disbursed in two equal tranches with a 5-year tenor to National Finance Company SAOG (“NFC” or “The Company”). IFC’s own account investment is expected to be US$87.3 million, with an additional US$32.7 million from IFC acting in its capacity as implementing entity for the Managed Co-Lending Portfolio Program (“MCPP”). The use of proceeds for this Project is exclusively on-lending to eligible climate finance projects to small and medium size enterprises (SMEs) and individuals in The Sultanate of Oman.

                                         

Associated Advisory Engagement

IFC and NFC are exploring possible advisory services focused on strengthening NFC’s environmental & social (E&S) risk management practices, and to further support climate finance investments.

                                           

Sponsor / Cost / Location

E&S Category Rationale / Risks and Mitigation