Keywords: Capital Increase


Sanlam Emerging Markets increases stake to 88.63% in Sanlam Maroc following merger

Sanlam Emerging Markets has increased its ownership of Sanlam Maroc to 88.63% following a capital increase linked to the merger by absorption of Allianz Maroc. The transaction marks another step in the group's strategy to consolidate its position in Morocco's insurance market after integrating......

AMMC approves prospectus for Sanlam Maroc Capital increase linked to Allianz Maroc merger

The Moroccan Capital Market Authority (AMMC) has approved a prospectus related to a capital increase by Sanlam Maroc as part of its planned merger through the absorption of Allianz Maroc, according to an official statement released on Monday. The operation involves the issuance of 1,225,000 new shares,......

Moroccan regulator approves prospectus for Crédit du Maroc capital increase

The Moroccan Capital Market Authority (AMMC) has granted its approval for the prospectus related to a capital increase by Crédit du Maroc, marking an important step in the bank’s planned equity operation. According to the regulator, the capital increase was previously authorized by the......

Sothema: Extraordinary general meeting to increase share capital

Shareholders of Sothema have been invited to an Extraordinary General Meeting (EGM) on November 24, where two operations to increase the company’s share capital are on the agenda. The first operation involves a capital increase of 20,336,400 dirhams through the......

Vicenne group's IPO oversubscribed 64 times!

The Moroccan Vicenne Group’s Initial Public Offering (IPO) has been met with exceptional demand, with the subscription overbooked by 64 times. The company successfully raised 500 million dirhams through a capital increase, with an overwhelming 32 billion dirhams requested, equivalent to 136 million......

CIH Bank announces significant capital increase of MAD 1.5 billion

CIH Bank is poised to undertake a substantial financial maneuver, revealing plans to increase its capital by up to MAD 1.5 billion (approximately $161 million). This announcement comes ahead of an extraordinary general meeting scheduled for June 11, where shareholders will deliberate on the proposed......

Moroccan Healthcare Group Akdital Boosts Public Share Capital to $110 Million

Akdital, a prominent name in Morocco's private healthcare sector, is set to significantly enhance its public share capital. The Moroccan Capital Market Authority (AMMC) has approved Akdital's ambitious plan to issue new shares, aiming to attract substantial public investment and bolster its growth......

Managem Successfully Concludes Capital Increase Amid High Investor Demand

Managem, a leading Moroccan mining company, has announced the successful closure of its recent capital increase through a combination of cash contributions and debt conversions. The operation involved the allocation of 1,873,368 new shares, resulting in a total capital raise of nearly 3 billion Moroccan......

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......