VOL. XLI

No. 13

30-March-1998

MOROCCO

New $100Mn Investment Company Set Up In Morocco

A new investment company with a capital of $100mn has been set up in Morocco to supportthe expansion of the private sector in Morocco and the MENA region. The company, MENAFinance Limited, will take the form of a 10-year closed-end fund (with the possibility ofextension to 12 years) registered in Jersey which will target companies undergoingprivatization (MEES, 19 January). The shareholding structure of the...