PROJECT

Projects

Summary of Investment Information

Project Number

42810

Company Name

HOLMARCOM INSURANCE ACTIVITIES SA

Date SPI Disclosed

Jul 26, 2021

Country

Morocco

Region

Africa

Projected Board Date

May 21, 2021

Environmental Category

FI-2 - Limited

Status

Completed

Last Updated Date

Jun 5, 2025

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : May 21, 2021
Signed : Jun 29, 2021
Invested : Jul 30, 2021

Sector

Other Non-Banking Financial Institution (NBFI)

Project Description

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.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation