PROJECT

Projects

Summary of Investment Information

Project Number

51360

Company Name

Estithmar Holding Q.P.S.C.

Date SPI Disclosed

Feb 18, 2026

Country

World Region

Region

Global

Projected Board Date

Mar 31, 2026

Environmental Category

B - Limited

Status

Pending Signing

Last Updated Date

Apr 24, 2026

Department

Regional Industry MAS MCT

Industry

Tourism, Retail and Property

Previous Events

Approved : Apr 23, 2026

Sector

City and Business Hotel

Project Description

IFC is supporting Estithmar Holding Q.P.S.C. (“Estithmar” or “the Group”), a leading diversified Qatari group listed on the Doha stock exchange, with a financing package of up to US$249 million. The IFC financing will be used for i) developing and putting into operations a 321-room hotel (“Project Hotel”) within a residential and hospitality complex, which is being constructed by the Group in Baghdad, Iraq, and ii) corporate purposes to support the balance sheet of the Group and its operations in emerging markets, together (“the Project”).

Associated Advisory Engagement

With IFC’s support, Estithmar will explore Gender Edge Certification, covering the Group’s full operations in the region. This certification reviews human resources data, policies and employee engagement and provides benchmarking to support companies with an action plan to improve gender and inclusion within their operations.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation