- 17:00Israel vows to strike Iran again if threatened, defense minister warns
- 16:20Morocco sees record 8.9 million tourists in first half of 2025
- 15:50Morocco aims to secure five-month wheat stock amid price drop
- 15:20Macron and Starmer to sign historic nuclear deterrence pact
- 14:50Chemsedine Talbi completes Sunderland move after stellar Club Brugge season
- 14:20Police in Marrakech detain Algerian-French suspect wanted by Interpol
- 13:30EU unveils stockpiling plan to prepare for crises and conflict
- 12:50Spain eases lockdowns as firefighters stabilize Catalonia forest blaze
- 12:20Spaniards favor China over the US in shifting global perceptions
Follow us on Facebook
Economy
Sofac Bolsters Capital through DH 210 Million Share Issuance
In a momentous development, Sofac has officially declared a substantial increase in its social capital, soaring from DH 193.2 million to DH 210.45 million.
This remarkable growth, totaling DH 17.25 million, was accomplished through the issuance of 172,500 new ordinary shares, each carrying a nominal value of DH 100. Priced at DH 579.71 per share, the entire set of new shares was promptly subscribed to and fully paid upon subscription, whether in cash or through the offsetting of liquid and due claims against the company.
This initiative also involves a corresponding amendment to Article 6 within Sofac's bylaws, a decision unanimously endorsed during the Board of Directors meeting held on December 22, 2023.