Original disclosure @ IFC website
Updated in EWS Sep 8, 2021
Disclosed by Bank Jul 26, 2021
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According to bank provided information, the project is in the form of an equity investment in Holmarcom Insurance Activities (“HIA” or the “Company”) to support the expansion of HIA’s activities in Morocco and Sub-Saharan Africa.
The equity investment consideration is approximately MAD450 million (US$50 million) in common shares.
Holmarcom Finance Company
Director, Corporate Development
Tél. : +212 (0)5 22 31 07 01
Mailing address: 20, rue Mustapha El Maâni, Casablanca – Maroc
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