Overview

Export-Import Bank of China contributes $50 million to $250 million loan to Ahli Bank (Linked to Record ID#98877)

Commitments (Constant USD, 2023)$51,899,375

Commitment Year•2019Country of Activity•QatarDirect Recipient Country of Incorporation•QatarSector•Banking And Financial ServicesFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: May 28, 2019

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

Export-Import Bank of China (China Eximbank)

Cofinancing agencies

State-owned Banks

Korea Development Bank (KDB)

State-owned Policy Banks

China Development Bank (CDB)

Receiving agencies

Private Sector

Ahli Bank QPSC

Loan description

2019 syndicated $250 million USD loan facility from China Development Bank, China Eximbank, and others to Ahli Bank for unspecified purposes

Interest type•Unknown

Narrative

Full Description

Project narrative

On May 28, 2019, China Development Bank (CDB) (#98877) and the Export-Import Bank of China (China Eximbank) (#98878) each contributed $50 million to a $250 million loan to Ahil Bank for unknown purposes. China Eximbank acted as lead manager. Other details about the loan are currently unknown.