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Ithmar Capital

Acronym: ITC

General Information

Identification Code: 800310348429-62
Website: [object Object]
Entity Form: Public limited company
Registration Category: Other organisations, public or mixed entities
Registration Date: 12/16/2022
Last Update: 12/15/2023
EP Accredited Number: 0

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: [object Object]

EU Office

Address: N°50 Rocade Sud, Rabat – CasablancaBuilding D, 2nd floor
Post Code: 10100
City: Rabat
Country: MOROCCO
Phone: [object Object]

Financial Data

New Organisation: false
Closed Year: [object Object]
Current Year: [object Object]
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).

Membership Information

Members10 Percent: 1
Members25 Percent: 0
Members50 Percent: 0
Members75 Percent: 0
Members: 1
Members F T E: 0.10000000149011612

Structure

Structure Type: Structure
Is Member Of: https://www.ithmar.gov.ma/en/our-portfolio/
Organisation Members: International Forum of Sovereign Wealth Funds Africa Sovereign Investors Forum Cluster ENR