ABC closes $475m multi-tranche loan facilities for Disi Water Company

Notes and media contacts

About the parties involved
Arab Banking Corporation, known as ABC, is an international universal bank headquartered in Manama, Kingdom of Bahrain, with a network spread across 21 countries in the MENA, Europe, the Americas and Asia. ABC, founded in 1980, is listed on the Bahrain stock exchange and its major shareholders are the Kuwait Investment Authority, Central Bank of Libya and Abu Dhabi Investment Authority.

The Overseas Private Investment Corporation (OPIC) was established as an agency of the U.S. government in 1971. OPIC helps U.S. businesses invest overseas, fosters economic development in new and emerging markets, and complements the private sector in managing risks associated with foreign direct investment, primarily by offering political risk insurance, investment guaranties, and direct loans.

AFD is the Groupe Agence Française de Développement, a bi-lateral development finance institution established in 1941 works on behalf of the French government. Its mission is to finance development according to France's Overseas Development Assistance policies. In 2007, AFD committed over €3.5bn to more than 60 developing countries in Africa, Asia, the Mediterranean Basin, the Middle East, South America, and the French Overseas Territories.

Proparco is the Investment and Promotions Company for Economic Cooperation. Created in 1977, Proparco is a Development Financial Institution partly held by Agence Française de Développement (AFD) and private shareholders from the North and South. Proparco's mission is to be a catalyst for private investment in developing countries which targets growth, sustainable development and reaching the Millennium Development Goals (MDGs).

The European Investment Bank was created by the Treaty of Rome in 1958 as the long-term lending bank of the European Union. The task of the Bank is to contribute towards the integration, balanced development and economic and social cohesion of the EU Member States. The EIB raises substantial volumes of funds on the capital markets which it lends on favourable terms to projects furthering EU policy objectives.