Ithmar Capital

Acronym: ITC

General Information

Identification Code: 800310348429-62

Website: https://www.ithmar.gov.ma/

Entity Form: Public limited company

Registration Category: Other organisations, public or mixed entities

Registration Date: 12/16/2022

Last Update: 12/15/2023

Mission & Interests

Goals: Ithmar Capital is a strategic investment fund established with the primary mission to support the economic development of the Kingdom of Morocco. As a multisectoral investment vehicle, Ithmar’s objective is to foster investment in the national strategic sectors by developing projects with a strong structural and transformational nature.

Interests Represented: Promotes their own interests or the collective interests of their members

Interests:

Climate action
Energy
European neighbourhood policy

Levels of Interest:

sub-national

Activities

Main EU Legislative Proposals: Ithmar Capital is member of the high level expert group (HLEG) on scaling up sustainable finance in low and middle income countries. The working group has been created jointly by EU Directorate General for International Partnerships (INTPA) and EU Directorate General for Neighbourhood and Enlargement Negotiations (NEAR). The objective of the working group is for members to provide recommendations to the EU on the best ways to increase sustainable financing flows into these countries. Ithmar Capital participates to the monthly HLEG meetings and discussions and provides input to the group based on its experience on the African continent.

Communication Activities: None

Inter-institutional or Unofficial Groupings: N/A

Head Office

Address: N°50 Rocade Sud, Rabat – CasablancaBuilding D, 2nd floor

Post Code: 10100

City: Rabat

Country: MOROCCO

Phone:

Indic Phone: 212

Phone Number: 537573711

EU Office

Address: N°50 Rocade Sud, Rabat – CasablancaBuilding D, 2nd floor

Post Code: 10100

City: Rabat

Country: MOROCCO

Phone:

Indic Phone: 212

Phone Number: 537573711

Financial Data

Closed Year:

Start Date:

End Date:

Funding Sources:

Contributions:

Total Budget: 0

Grants:

Current Year:

Grants:

Complementary Information: Ownership and legal status: Ithmar Capital is owned by the Moroccan Government via the Ministry of Finance (2/3) and the Fonds Hassan II for the Economic and Social Development (1/3). Ithmar Capital has been established as a public limited company ("PLC") and is subject to the applicable law for PLCs in the Kingdom of Morocco including the relevant governance structure: Board of Directors, Corporate Committees (Investment & Strategy, Audit & Risks and Nomination & Remuneration) and an Executive Management (Chief Executive Officer).