📋 Tender Overview
Location: West Bank and Gaza
Project number: 52756
Business sector: Equity funds
Notice type: Private
EBRD Finance Summary: USD 3,000,000.00
Total Project Cost: USD 30,000,000.00
Project Description
Provision of an equity investment of up to USD 3 million in favour of Ibtikar Fund II C.V. (the "Fund"), a limited partnership registered in the Netherlands.
Project Objectives
The Fund will make equity and quasi-equity investments in early-stage technology companies with operational activities in the West Bank with the objective of achieving long-term capital growth.
Transition Impact
ETI score: 78
The Bank's investment is expected to contribute to the resilience of financial markets in the West Bank by providing equity capital as an alternative funding source at a time of heightened strain in the local economy. Furthermore, the investment is expected to support equality of opportunity in the West Bank by delivering inclusive outcomes through the Fund's gender-responsive investment approach which will widen women's access to economic opportunities through its portfolio companies.
