CIH Bank has successfully completed a major capital increase, issuing over 4.1 million new shares in a move exclusively reserved for existing shareholders and holders of preferential subscription rights. The operation raised just under 1.47 billion dirhams, significantly boosting the bank’s equity base and reinforcing its long-term financial stability.
The transaction was officially confirmed by the Board of Directors on July 31, 2025, following a subscription period that ran from July 4 to 23. The process adhered strictly to the terms outlined in the prospectus approved by Morocco’s Capital Markets Authority on June 20.
Investor interest far exceeded expectations. Demand soared with more than 16.1 million shares subscribed—nearly four times the amount available. This brought the total funds committed to an impressive 5.76 billion dirhams, reflecting strong market confidence in the bank’s direction.
Most of the shares—97.7%—were taken up through guaranteed (non-reducible) subscriptions, amounting to roughly 4 million shares and 1.44 billion dirhams. Notably, 83% of these were acquired using preferential rights, underlining strong engagement from shareholders who opted to reinforce their stakes.
The remaining 2.3% of the offering—worth around 33.8 million dirhams—was allocated through discretionary (reducible) subscriptions. This portion triggered overwhelming demand, attracting over 4.3 billion dirhams and registering a staggering oversubscription rate of 127 times.
As a result of this successful operation, CIH Bank’s total share capital now stands at 3.56 billion dirhams—a milestone that positions the bank for continued strategic growth and greater resilience in a competitive banking environment.
