Nile Sugar
Sector: Oil and Gas • Location: Egypt, Arab Republic of
Source: International Finance Corporation (IFC)
The proposed investment is an up to $40m senior loan, with $20m being for IFC’s own account and $20m mobilized, to Nile Agriculture Company S.A.E. (“NAC”), to be guaranteed by Nile Sugar Company S.A.E. (“NS” or the “Company”, and together with NAC, the “Obligors” or “NSG”. NS, founded by the Sawiris family (the “Sponsors”) in 2006, is a leading Egyptian beet sugar refinery producing white sugar an
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | pending |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The proposed investment is an up to $40m senior loan, with $20m being for IFC’s own account and $20m mobilized, to Nile Agriculture Company S.A.E. (“NAC”), to be guaranteed by Nile Sugar Company S.A.E. (“NS” or the “Company”, and together with NAC, the “Obligors” or “NSG”. NS, founded by the Sawiris family (the “Sponsors”) in 2006, is a leading Egyptian beet sugar refinery producing white sugar and its by-products, including molasses and beet pulp. IFC’s loan will be used to finance the development of 13,711 feddans (5,760 hectares) land in Minya, Egypt to cultivate sugar beet and improve its supply chain sustainability, together with required relating infrastructure, machinery and equipment, and working capital (the “Project”). The Project will directly and indirectly help address increased sugar consumption in Egypt through local production vs. imports. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |