IslamicFinance.de

Clifford Chance has advised four international development finance institutions on a US$125 million Islamic financing facility to Humania. Led by International Finance Corporation (IFC), the institutions involved in the consortium were: the European Bank for Reconstruction and Development (EBRD), Finnish Fund for Industrial Cooperation (Finnfund), and OPEC Fund for International Development (OPEC Fund). Humania is a private healthcare company within the Bait Al Batterjee Group. The financing will be used to develop greenfield general hospitals in Alexandria (Egypt), and Casablanca (Morocco).