JMMB Group Limited (the “Company”, the “Group”, or “JMMBGL”) is considering a funding partnership with IDB Invest for potential financing of up to US$100 million to continue to support the Group’s strategic efforts towards
- supporting the future growth opportunities of the Group’s MSME (including (women-led) initiatives;
- contribute to the initial development and later growth of the group’s green loan portfolio in Jamaica; and
- complement the Group’s digitalization strategies towards financial inclusion initiatives.
We recognize the significant responsibility that accompanies this potential engagement. The actual completion of the transaction is contingent upon various factors, including but not limited to market conditions, authorizations and approvals, and the satisfaction of customary closing conditions. As such, this disclosure serves as notice of our intent, recognizing the inherent uncertainties in such transactions. We remain committed to maintaining the highest levels of transparency and accountability throughout this process.
Please note that this disclosure is made in the best interest of public transparency and does not constitute a commitment on either party to execute.
