First Quarter Revenue Decreases 9.75%

In the first quarter of 2021, Total Maroc sales stagnated (+ 1%) compared to the same period last year. They amount to 426,000 tonnes. Consolidated turnover is down 9.75% over the period to 2,661 million dirhams. Investments have been made in the network of service stations. Two new stations, including one solarized, have been opened … Read more

Addoha closes its operation to extend the maturity of part of its debt

Addoha closed the issue of its ordinary bond loan, for an amount of DH 594 million, with real mortgage guarantees in favor of the mass of bonds. It should be remembered that the main objective of this operation is to extend the maturity of part of the company’s debt by converting commercial paper into bonds. … Read more

the New York Stock Exchange temporarily closes its famous trading floor from Monday

The Wall Street Stock Exchange, operated by the New York Stock Exchange, announced this Wednesday, March 18, that it would as a precaution temporarily close its famous floor from Monday, where a few traders still physically meet. However, closing the building will not affect trade, which will continue in electronics as is the case on … Read more

AMMC green light for Atlanta-Sanad merger

Atlanta’s merger operation with Sanad via a capital increase of the first company reserved for shareholders of the second, has just received the approval of the market authority. The finalization of this transaction remains subject to the approval of the Shareholders’ Meetings of Atlanta and Sanad to be held on September 25. The merger of … Read more

Tarik Haddi elected president of the Moroccan Association of Capital Investors

The Moroccan Association of Capital Investors (AMIC) has appointed a new Board of Directors which unanimously elected Expert Attack, as chairman, at the General Meeting held on Tuesday June 30, 2020. Tarik Haddi succeeds Adil Rzal who closes his Presidency with these few words: “we were able during this mandate to maintain a continuous dialogue … Read more

VAT triples in Arabia, preceded by shopping spree

The Saudis rushed to consumer goods before the VAT tripled, which drops Wednesday July 1 to 15%, an unpopular austerity measure imposed in the middle of an economic crisis due to the Covid-19 pandemic and the collapse oil prices. The tripling of VAT comes at the same time as the suspension of certain social benefits … Read more

Clues remain in the red at mid-session

A 12h15, les indices MASI and MADEX were losing 0,03% at 10.208 points and 8.291 points, in respective order. The FTSE CSE Morocco 15, him, fell by 0.24% at 9,194 points. The overall volume traded hovered around 17,33 millions of DH, largely drained by Marsa Maroc (5.4 MDH). Biggest increases Disway has appreciated by 0.78% … Read more

RCI Finance Maroc raises its first fund for 4 years

RCI Finance Maroc carried out, on Wednesday, June 24, 2020, an issue of Bons de Société de Financement (BSF) of 200 million DH at 4 years, says a press release. This is the company’s first fundraising on this maturity. Its natural need is concentrated on shorter durations. This time, RCI Finance Maroc wanted, via this … Read more