CHO was created in 1996 by three entrepreneurs, Mr. Abdelaziz Makhloufi, Mr. Moncef Rekik, and Mr. Abderazzak Tounsi. The original founders own directly or indirectly about 88.5 percent of shares. The remaining is held by SICAR Invest.

The proposed investment is up to US$20 million common equity and mobilization of up to US$50 million equity from co-investors.?                                                  

Sfax, Tunisia.

 This is a category B project in accordance with IFC’s Policy on Environmental and Social Sustainability. The company continues to operationalize its integrated EHSQ management system across operations - olive farms, oil presses, refinery, extraction, bottling and warehousing, and cosmetics manufacturing – in accordance with the requirements of ISO 22000, ISO 9001, ISO 14001, ISO 45001, organic farming and the IFC Performance Standards. E&S issues to be reviewed for the project include: i) QHSE management system development and implementation in new acquisitions; ii) labor and working conditions in Tunisia and, when applicable, Morocco, iii) unionization of workers in agricultural sector and gender issues in Morocco, iv) water sourcing in planned plantation expansion in Morocco v) further opportunities for water reduction and energy efficiency across all operations; vi) security arrangements in all countries of operations; vii) assessment of audits of olive suppliers undertaken by company against its code of conduct for suppliers, specifically on environmental issues, and how non-compliances are dealt with, viii) screening for biodiversity issues in the proposed expansion sites.