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CLOSING OF THE CASABLANCA STOCK EXCHANGE DEMUTUALIZATION PROCESS
In the presence of the Minister of Finance, the shareholders of the Casablanca Stock-Exchange have met on the 17th of June, to close out the demutualization process of the managing company, enacted by the Memorandum of Understanding signed on 25th November 2015 with the State, the Moroccan Authority of Financial Markets (AMMC) and both the current and the future shareholders of the CSE.
New members of the Board were appointed.
THE CASABLANCA STOCK EXCHANGE LAUNCHES THE BUSINESS SUPPORT PROGRAM IN MOROCCO « ELITE »
The Casablanca Stock Exchange launch in April 2016, the ELITE program intended for high-growth potential companies. This program aims to provide member companies with the skills and tools needed to ensure their growth. It provides support, training and connecting with its community platform which today includes more than 380 companies, 150 corporate ecosystem professionals and 100 investors from 23 European countries. Today, Morocco is the first non-European stock exchange to implement this program.
12 companies from different sectors are members of the first cohort of ELITE. A second cohort will be launched in November.
EDUCATION FINANCIERE
- April – June: L’Ecole de la Bourse (The Stock Exchange School) continued its training sessions on the basic concepts of the stock market. During the 2nd quarter of 2016, 1 756 persons have received these training session, and more than 2 000 in the 1st half 2016.
- April 22th, 2016: The Casablanca Stock Exchange hosted the 2nd edition of the days “Excellence Camp” organized by the association Arab Excellency for young people.
OPERATIONS DU MARCHE
- June 26th, 2016: Lafarge Ciments (LAC) increased its capital as of the Merger-absorption of Holcim Morocco by a total amount of 9.1 billion MAD.
- June 13th, 2016: BMCE Bank (BCE) raised a total amount of 2 billion MAD by issuing subordinated bonds.June 6th, 2016: Attijariwafa Bank (ATW) raised a total amount of 1 billion MAD by issuing subordinated bonds.
- April 6th, 2016: Auto Hall (ATH) increased its capital by through optional conversion of exceptional dividends new shares. Total amount: 120.2 millions MAD.
