Hogan Lovells represents IFC
Hogan Lovells has advised the International Finance Corporation (“IFC”), a member of the World Bank Group, on the acquisition of a 7.5 percent equity stake in the Afghanistan International Bank (“AIB”) to help the bank boost its commercial lending and enhance financial inclusion. AIB has two shareholders, Horizon Associates LLC (Delaware Company) and Wilton Holding Limited (Cayman Island Company) and have each given up to IFC 3.75 percent of their equity stake in AIB.
The Hogan Lovells team was led by Imtiaz Shah (partner, Dubai), with support from Nada Moallem (associate, Dubai). Commenting on the transaction, Shah said, “We are pleased to support IFC on this strategic transaction which will help boost access to finance for SMEs in Afghanistan at a challenging time.”