Morocco Investment - Pickalbatros MAR Project Approval on Absence-of-Objection Basis (June 26, 2026)

Jul 19, 2026

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Board approval issued on an absence-of-objection basis on Friday, June 26, 2026 for a Morocco investment covering Pickalbatros Morocco for Tourism and Investment, Palmassets, Albatros Menara for Tourism and Investment, and Palais Des Roses under the Pickalbatros MAR Project. The financing is structured as a senior secured sustainability-linked loan to the co-borrowers for an aggregate amount up to US$230 million, including an A Loan up to US$165 million and B Loans up to US$65 million with IFC as lender of record. Lailee Jane Moghtader requested to be recorded as objecting.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages1

Reading Time3 min

Approval summary

Decision date and approving body

Project scope and co-borrowers

Financing structure and amounts

Objection record

FAQs

When was the Morocco investment approved on an absence-of-objection basis?

The approval was issued on Friday, June 26, 2026.

What project and entities are covered by the approved investment?

The approval covers the Pickalbatros MAR Project investment in Morocco, including Pickalbatros Morocco for Tourism and Investment, Palmassets, Albatros Menara for Tourism and Investment, and Palais Des Roses, as co-borrowers.

How much financing was approved and how is it split?

The aggregate amount is up to US$230 million, consisting of an A Loan up to US$165 million and B Loans up to US$65 million, with IFC as lender of record.

Jul 19, 2026

Upload by Violet