📋 Tender Overview
Location:
Egypt
Project number:
55824
Business sector:
Manufacturing and Services
Notice type:
Private
Environmental category:
B
Approval date:
22 Oct 2024
Status:
Disbursing
English-language PSD published:
06 Feb 2025
Project Description
Provision of a 4-year loan of USD 22.6 million to Hassan Allam Holding SAE ("HAH").
The transaction will help in strengthening the resilience of the subsidiary operating company, Hassan Allam Construction SAE ("HAC") by way of a capital increase to deliver on its growing backlog.
Project Objectives
The Loan will finance a capital injection into HAH's main contracting arm in Egypt Hassan Allam Construction ("HAC"), to support HAC's long-term working capital needs.
Transition Impact
ETI score: 64
Primary Quality: Inclusive - Through the EBRD's engagement, HAC commits to increase the share of women in their workforce to 11% in the next four years, which entails a 5 percentage points increase from the current share. Furthermore, HAC will develop and implement a Gender Inclusion Diagnostic and Action Plan.
Secondary Quality: Resilient - The Project entails strengthening the resilience of HAC's balance sheet of HAC, making the company less vulnerable to shocks.
Client Information
HASSAN ALLAM HOLDING SAE
Hassan Allam Holding is a leading Egypt-based engineering and construction group whose primary operations include infrastructure, industrial, and commercial projects in Egypt and the MENA region. Origins since 1936, makes HAH the oldest construction franchise in the MENA region, and boasts a solid reputation, superior technical capabilities, and a diversified portfolio. Hassan Allam Holding principally operates in Egypt with more than 30 subsidiaries and affiliates. The Company is one of the largest employers in Egypt.
