Arkas III

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 Arkas Holding (“Arkas”, “Company”), is one of the largest maritime and logistics groups in Türkiye. It operates across the value chain, including shipping, agency services, port operations, and integrated logistics services. Arkas is an existing client of IFC in Marport (Project # 47580) with a satisfactory E&S rating.    The Company and its subsidiaries have 57 offices, 14 in Türkiye and 43 abroad across the Mediterranean Sea, the Black Sea, and West Africa, reflecting the Company’s geographically diversified presence. The group operations and activities are spread across multiple business segments, organized through subsidiaries and affiliates, mainly on (a) ship ownership, management and transportation; (ii) agency services; (iii) port operations; (iv) logistics; (v) automotive; (vi) marine fuel; and (vii) other businesses in information technology, food & beverage, insurance, tourism and wellness sectors.The proposed investment will be used to support the refinancing of the Company’s mid and short-term loans; and  the Company's general corporate expenses. IFC financing will enable balance sheet optimization to facilitate financial sustainability and implementation of growth strategy through an implementation of planned capital expenditure over the next 8?years.  The investment entails a long-term debt finance package of up to US$340 million, comprising of up to US$75 million from IFC’s own account and remaining to be mobilized through B / Parallel loans from other participants.