Badsha Textiles Ltd.

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The proposed investment is to contribute to a financing package of up to US$40 million (“IFC Loans”), including IFC A loan for up to US$10 million, Managed Co-Lending Portfolio Program (MCPP) of up to US$10 million and a loan from the IDA PSW Blended Finance Facility (“IDA PSW BFF”) which is subordinated in liquidation, of up to US$20 million to Badsha Textiles Limited (BTL) belonging to Badsha Group, the largest yarn manufacturer in Bangladesh and one of the top-tier, vertically integrated sweater and woven garment manufacturing and exporting groups in Bangladesh.The IFC Loans will support setting up of a greenfield spinning mill with a production capacity of 70,373 MT per year to manufacture premium cotton, viscose, blended cotton, cotton denim, poly cotton yarns (the “Project”).