IFC to invest $135m in Holmarcom.

International Finance Corporation, an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries, agreed to invest $135m in Holmarcom, an industrial conglomerate operating in wide range of activities including insurance services. Financial terms were not disclosed. "With IFC’s support, we are well-positioned to deliver impactful solutions in Morocco and beyond, addressing the evolving needs of our clients. This partnership, which reflects our shared commitment to creating sustainable development opportunities, marks a new strategic milestone for HFC. In addition to supporting our development ambitions, IFC will provide its expertise to help guide the evolution of our governance and ESG policies in line with international standards," Mohamed Hassan Bensalah, Holmarcom Chairman and CEO.