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Business July 28, 2026

Maharlika forges agreement with Morocco Wealth Fund

Maharlika forges agreement with Morocco Wealth Fund

The Maharlika Investment Corporation (MIC) has signed a Memorandum of Understanding (MoU) with Morocco's sovereign wealth fund, Ithmar Capital. This collaboration is aimed at enhancing expertise and best practices, benefiting both funds in strengthening their institutions.

Announcing the partnership, MIC President and CEO Rafael B. Barcena expressed excitement for the opportunity to learn and grow with Ithmar Capital. "By working together, we can achieve our mutual goals of promoting transparency, good governance, and sustainable development."

Ithmar Capital CEO Obaid Amrane, who is also the chairman of the International Forum of Sovereign Wealth Funds (IFSWF), shared his enthusiasm for the collaboration. "We firmly believe that sovereign wealth funds can progress together by exchanging knowledge, adhering to strong governance, and advancing sustainable development."

This mutually beneficial partnership aims to promote transparency, strong governance, and sustainable development. It is expected to strengthen the institutions of both funds and enable them to achieve their shared goals.

The MIC board has approved the establishment of the Risk Management Committee to oversee the corporation's overall risk management framework. This committee will focus on identifying, assessing, monitoring, managing, and reporting any risks that may arise from MIC's investments, lending, operations, financial management, regulatory obligations, and strategic initiatives.

The collaboration between the Maharlika Investment Corporation (MIC) and Ithmar Capital demonstrates the potential for sovereign wealth funds to improve their governance and best practices. By working together, both funds can achieve their shared objectives of promoting transparency, strong governance, and sustainable development.

Ithmar Capital CEO Obaid Amrane, who is also Chairman of the International Forum of Sovereign Wealth Funds (IFSWF), expressed their excitement for the partnership. "We firmly believe that sovereign wealth funds can advance together by exchanging knowledge, adhering to strong governance, and advancing sustainable development."

This mutually beneficial collaboration is expected to strengthen the institutions of both funds and enable them to meet their shared goals.

The MIC board has approved the establishment of the Risk Management Committee to oversee the corporation's overall risk management framework. This committee will focus on identifying, assessing, monitoring, managing, and reporting any risks arising from MIC's investments, lending, operations, financial management, regulatory obligations, and strategic initiatives.

The partnership between the Maharlika Investment Corporation (MIC) and Ithmar Capital shows the potential for sovereign wealth funds to enhance their governance and best practices. By working together, both funds can achieve their shared objectives of promoting transparency, solid governance, and sustainable development.

Ithmar Capital CEO Obaid Amrane, who is also the Chairman of the International Forum of Sovereign Wealth Funds (IFSWF), expressed their enthusiasm for the partnership. "We firmly believe that sovereign wealth funds can progress together by exchanging knowledge, adhering to strong governance, and advancing sustainable development."

This mutually beneficial collaboration is anticipated to reinforce the institutions of both funds and facilitate their shared goals.

The MIC board has approved the establishment of the Risk Management Committee to monitor the corporation's overall risk management framework. This committee will concentrate on identifying, assessing, monitoring, managing, and reporting any risks stemming from MIC's investments, lending, operations, financial administration, regulatory requirements, and strategic initiatives.

The partnership between the Maharlika Investment Corporation (MIC) and Ithmar Capital highlights the potential for sovereign wealth funds to enhance their governance and best practices. By working together, both funds can achieve their shared objectives of promoting transparency, solid governance, and sustainable development.

Ithmar Capital CEO Obaid Amrane, who is also the Chairman of the International Forum of Sovereign Wealth Funds (IFSWF), expressed their excitement for the partnership. "We firmly believe that sovereign wealth funds can progress together by exchanging knowledge, adhering to strong governance, and advancing sustainable development."

This mutually beneficial partnership is anticipated to strengthen the institutions of both funds and facilitate their shared goals.

The MIC board has approved the establishment of the Risk Management Committee to oversee the corporation's overall risk management framework. This committee will focus on identifying, assessing, monitoring, managing, and reporting any risks stemming from MIC's investments, lending, operations, financial management, regulatory requirements, and strategic initiatives.

The partnership between the Maharlika Investment Corporation (MIC) and Ithmar Capital emphasizes the potential for sovereign wealth funds to enhance their governance and best practices. By working in unison, both funds can achieve their shared objectives of advancing transparency, strong governance, and sustainable development.

Ithmar Capital CEO Obaid Amrane, who is also the Chairman of the International Forum of Sovereign Wealth Funds (IFSWF), expressed their enthusiasm for the partnership. "We firmly believe that sovereign wealth funds can progress together by exchanging knowledge, adhering to strong governance, and advancing sustainable development."

This mutually beneficial partnership is anticipated to fortify the institutions of both funds and streamline their shared goals.

The board of MIC has approved the establishment of the Risk Management Committee to oversee the corporation's overall risk management framework. This committee will concentrate on identifying, assessing, monitoring, managing, and reporting any risks arising from MIC's investments, lending, operations, financial management, regulatory requirements, and strategic initiatives.

The partnership between the Maharlika Investment Corporation (MIC) and Ithmar Capital highlights the potential for sovereign wealth funds to enhance their governance and best practices. By working together, both funds can achieve their shared objectives of advancing transparency, strong governance, and sustainable development.

Ithmar Capital CEO Obaid Amrane, who is also the Chairman of the International Forum of Sovereign Wealth Funds (IFSWF), expressed their eagerness for the partnership. "We strongly believe that sovereign wealth funds can progress together by exchanging knowledge, adhering to strong governance, and advancing sustainable development."

This mutually beneficial collaboration is expected to bolster the institutions of both funds and align their shared goals.

The board of MIC has approved the establishment of the Risk Management Committee to oversee the corporation's overall risk management framework. This committee will concentrate on identifying, assessing, monitoring, managing, and reporting any risks emerging from MIC's investments, lending, operations, financial administration, regulatory requirements, and strategic initiatives.

The partnership between the Maharlika Investment Corporation (MIC) and Ithmar Capital highlights the potential for sovereign wealth funds to enhance their governance and best practices. By collaborating, both funds can achieve their shared objectives of enhancing transparency, strong governance, and sustainable development.

The collaboration is expected to fortify both funds' institutions and align their shared objectives.

The MIC board has approved the establishment of the Risk Management Committee to oversee the corporation's overall risk management framework. This committee will emphasize on identifying, assessing, monitoring, managing, and reporting any risks arising from MIC's investments, lending, operations, financial management, regulatory requirements, and strategic initiatives.

The partnership between the Maharlika Investment Corporation (MIC) and Ithmar Capital demonstrates the potential for sovereign wealth funds to enhance their governance and best practices. By working together, both funds can accomplish their shared goals of improving transparency, strong governance, and sustainable development.

The collaboration is anticipated to strengthen both funds' institutions and align their shared objectives.

The MIC board has given approval for the establishment of the Risk Management Committee to oversee the corporation's overall risk management framework. This committee will emphasize on identifying, assessing, monitoring, managing, and reporting any risks emerging from MIC's investments, lending, operations, financial management, regulatory requirements, and strategic initiatives.

The partnership between the Maharlika Investment Corporation (MIC) and Ithmar Capital highlights the potential for sovereign wealth funds to enhance their governance and best practices. By collaborating, both funds can achieve their shared objectives of improving transparency, strong governance, and sustainable development.

The agreement between the Maharlika Investment Corporation (MIC) and Ithmar Capital illustrates the possibility for sovereign wealth funds to bolster their governance and best practices. By working together, both funds can accomplish their shared goals of advancing transparency, strong governance, and sustainable development.

The MIC board has approved the establishment of the Risk Management Committee to oversee the corporation's overall risk management framework. This committee will concentrate on identifying, assessing, monitoring, managing, and reporting any risks arising from MIC's investments, lending, operations, financial administration, regulatory necessities, and strategic endeavors.

The collaboration between the Maharlika Investment Corporation (MIC) and Ithmar Capital highlights the possibility of

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