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Saudi Orix SF

Sector: Government • Location: Saudi Arabia

Source: International Finance Corporation (IFC)

Project
Completed

Saudi Orix Leasing Company “SOLC” was established on January 16, 2001 as the first leasing company in The Kingdom of Saudi Arabia and currently commands a leading position in that market.

The company is one of IFC’s existing portfolio clients as IFC had extended a loan for USD 17mn, which was disbursed in June 2006 and which matures in August 2013. The current outstanding under said loan is USD 9

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The project “Saudi Orix SF” is an infrastructure initiative in the Government sector, located in Saudi Arabia. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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completed

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Description

Description

Saudi Orix Leasing Company “SOLC” was established on January 16, 2001 as the first leasing company in The Kingdom of Saudi Arabia and currently commands a leading position in that market. The company is one of IFC’s existing portfolio clients as IFC had extended a loan for USD 17mn, which was disbursed in June 2006 and which matures in August 2013. The current outstanding under said loan is USD 9.9m. The proposed investment is a Sustainability Finance Line (A Loan) of up to $ 20 million for up to 7 years including a grace period of 24 months. The loan will be used by SOLC for on-lending, in the form of financial leases, to SMEs meeting certain eligibility criteria of IFC’s SF program. In addition, there can be an advisory services component to help the Company build the capacity of its marketing and loan origination staff to increase utilization of the line.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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