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    Signature(s)

    Amount
    € 5,000,000
    Countries
    Sector(s)
    Lebanon : € 5,000,000
    Services : € 5,000,000
    Signature date(s)
    23/07/2007 : € 5,000,000
    Link to source

    Summary sheet

    Release date
    13 March 2007
    Status
    Reference
    Signed | 23/07/2007
    20070127
    Project name
    Promoter - financial intermediary
    The Building Block Equity Fund
    Bader, a Lebanese entrepreneurial network.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to the lower of EUR 5 million or 25% of fund size.
    Up to USD 22 million (EUR 17 million) fund size.
    Location
    Sector(s)
    Description
    Objectives

    Participation in the setting up of a private equity fund focused on Small and Medium-sized Enterprises (SMEs) in Lebanon.

    The project will improve the financing of SMEs in Lebanon. SMEs are seen as a key factor for the reconstruction and improvement of the competitiveness of Lebanon's economy.

    Environmental aspects
    Procurement

    The fund will only invest in companies that comply with the environmental standards required by the EIB.

    Not applicable.

    Comments

    Lebanese technology, services or innovative traditional companies.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    News & Stories

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

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    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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