Fipar-Holding’s governance structure is based on a Board of Directors and two permanent committees appointed by the Board: an Investment Committee and a Risk & Audit Committee.

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The Board of Directors of Fipar-Holding is the highest governing body of the company. It validates the strategy, sets performance targets, determines the required resources, monitors performance against targets and ensures effective management of risk.

M. Abdellatif ZAGHNOUN
Mrs Latifa ECHIHABI
Chairman of the Board
Secretary-General of CDG
M. Abderrahmane SEMMAR
M. Khalid EL HATTAB
Economy and Finance Ministry
Director of the Finance Division of CDG
M.Mustapha LAHBOUBI
M. Yassine HADDAOUI
Director of the Risk Management Division of CDG
Director of Strategy & Development Division of CDG

Each investment proposal is subjected to in-depth analysis ranging from the characteristics of the sector in which the company operates, up to the marketing of products and services, incorporating strategic and financial analysis, corporate values and skills requirements.

At the end of this initial selection process, Fipar-Holding’s investment team submits their recommendations to the Investment Committee for final decision.

The Investment Committee also examines all divestment proposals to decide on the appropriate course of action.

M. Abdellatif ZAGHNOUN
M. Khalid Ziane
Managing Director of CDG – Committee Chairman
CEO of Fipar-Holding
Mrs Latifa ECHIHABI
M. Yassine HADDAOUI
Secretary-General of CDG
Director of Strategy & Development Division of CDG
M. Khalid EL HATTAB
M.Mustapha LAHBOUBI
Director of the Finance Division of CDG
Director of the Risk Management Division of CDG

This committee receives assignments from the Fipar-Holding board in the areas of accounts preparation and risk management.

Regarding accounts, the committee examines accounting procedures and standards and issues recommendations, it analyses interim and annual accounts and discusses auditor appointments.

Regarding risks, the committee examines and makes recommendations on the implementation of risk mapping and analyses the risk monitoring policy.

M. Khalid EL HATTAB
M. Tarik DEROUICHE
Director of the Finance Division of CDG – Committee Chairman
Accounting & Consolidation Director of CDG
M. Mohamed Amine FILALI
Financial Risks & Commitments Director of CDG