International Group for Modern Coatings

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Investment Strategy
Industry
Current or past
Date of investment
Transaction Type
Country
Sector
Private Credit
Specialty chemicals
Current
November 2023
Growth capital
Egypt
Auto paints

NBK Capital Partners Shari’ah Credit Opportunities Fund

Established in 1979, Mido is the first manufacturer and exporter of vehicle refinishing and wood coating applications. The Company is a leading exporter of value-segment automotive paints to its target countries in the MEA region, deriving c. 60% of its revenues in the form of USD-denominated exports. The Company operates nine production lines across two production facilities in Alexandria with a total capacity of 73.5k tons per annum employing over 1,100 people.

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