EBRD offers a USD 125 million ‘Commodity Murabaha’ facility to Al Batterjia Medical SAE group

The European Bank for Reconstruction and Development (EBRD) has structured a ‘Commodity Murabaha’ financing facility for the Al Batterjia Medical SAE, marking the first time that the EBRD has used such a facility.

The funds will be used to develop greenfield general hospitals in Egypt and Morocco, with the aim of improving the standard and quality of hospital services in these countries.

These new facilities will carry internationally recognised certifications, which is very rare in Egypt and Morocco.

The finance structure, led by the International Finance Corporation (IFC), comprises of USD 20 million from EBRD, USD 25 million from the Organisation of the Petroleum Exporting Countries (OPEC) fund for International Development, USD 18.75 million...