PROJECT

Projects

Summary of Proposed Investment

Project Number

25292

Company Name

AHLI UNITED BANK B.S.C.

Date SPI Disclosed

Oct 11, 2006

Country

Middle East, Pakistan, and Afg Region

Industry

Financial Markets

Projected Board Date

Nov 10, 2006

Status

Completed

Sector

Commercial Banking - General

Department

Global Industry, Financial Markets

Environmental Category

FI

Previous Events

Approved : Nov 16, 2006
Signed : Nov 18, 2006
Invested : Dec 13, 2006

Project Description

The project consists of:

- a tier 2 eligible convertible subordinated term loan to Ahli United Bank (AUB or the Bank), the third largest commercial bank in Bahrain; and
- an equity investment in Delta International Bank of Egypt (DIB) which has recently been acquired by AUB and a consortium of GCC institutional investors.

The proposed project is designed to support the Bank''s tier 2 capital base and expansion of its operations through acquisitions of local commercial banks and financial institutions, primarily focusing on developing Middle Eastern countries.

Sponsor / Cost / Location

Development Impact