Abraaj North Africa Fund II

signed

The EBRD is considering an equity investment of up to USD 25 million in Abraaj North Africa Fund II (the “Fund”), a private equity investment fund to be registered as an English limited partnership. The Fund will make equity and equity-related investments in small and medium-sized companies operating primarily in Morocco, Tunisia, Egypt and Algeria. The proposed investment by the EBRD is expected to contribute to the expansion of the private equity industry in the Fund’s target region, thereby providing additional long term equity financing to small and medium-sized companies. Furthermore, the Bank’s investment is also expected to contribute to the transfer of skills from the Abraaj Group to the local investment team and investee companies leveraging on the Group’s experience across sectors and emerging markets. ANAF II GP LLP (the “General Partner”), an English limited liability partnership, will be the general partner and Riyada Managers, B.V. (the “Fund Manager”), a limited liability company registered in the Netherlands, will be manager of the Fund. The General Partner and the Fund Manager are affiliates of Abraaj Holdings (the “Abraaj Group”) a growth markets focused alternative asset manager with USD 7.5 billion assets under management. The EBRD is proposing to make an equity investment of up to USD 25 million. The target size of the Fund is USD 250 million and the maximum Fund size is USD 300 million. Categorised FI: The Fund will be required to comply with the EBRD's Performance Requirement 2 (Labour and Working Conditions) and Performance Requirement 9 (Financial Intermediaries). The Fund will be required to implement the agreed Environmental and Social Action Plan in order to meet the E&S requirements of the EBRD. The Fund will also submit Annual Environmental and Social Reports to the Bank. None. Ahmed Badreldin Abraaj Capital Limited Dubai International Financial Centre (DIFC) Gate Village 8, 3rd Floor PO Box 504905 Dubai, United Arab Emirates Tel: +971 4 506 4400 Email: ahmed.badreldin@abraaj.com