IFC approves US$50 Mn for MAS
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JUN
04

IFC approves US$50 Mn for MAS

IFC approves US$50 Mn for MAS

The Board of International Finance Corporation (IFC) has approved US$ 50 million financing facility to the MAS Holdings, one of the larget BOI company in Sri Lanka.

 

According to IFC, US$ 30 million will be granted initially and thw rest of US$ 20 million will be commited within one year based on need.

 

The loan will be provided by IFC to serve as a working cpital funding to operate the subsidiaries of the company, generate export revenues and continue as going concerns.

 

Source : dailymirror.lk

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