PROJECT

Projects

Summary of Investment Information

Project Number

44741

Company Name

FIG3 INVESTMENT HOLDING PTE. LTD

Date SPI Disclosed

Jan 31, 2022

Country

Cambodia

Region

East Asia and the Pacific

Projected Board Date

Mar 2, 2022

Environmental Category

FI-2 - Limited

Status

Pending Signing

Last Updated Date

Nov 13, 2022

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Apr 28, 2022

Sector

Composite Insurance (Life and Non-life)

Project Description

The Project comprises a convertible senior debt investment of upto US$15 million in FIG3 Investment Holding Pte. Ltd (“Forte” or the “Company”), the holding company which operates in the insurance sector via its subsidiaries in Cambodia and Lao PDR. The funds will be used to strengthen Forte’s capital position, expand its product suite and enhance reach within and outside Cambodia.    

Associated Advisory Engagement

IFC and Forte are in discussion on potential IFC’s advisory services to support Forte in building up its internal capacity in corporate governance, environmental and social risk management, and parametric insurance.          

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation