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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.
Lamiae Kendili
Holmarcom Finance Company
Director, Corporate Development
Email: lamiae.kendili@holmarcom.ma
Tél. : +212 (0)5 22 31 07 01
Mailing address: 20, rue Mustapha El Maâni, Casablanca – Maroc
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ACCOUNTABILITY MECHANISM OF IFC/MIGA
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org