Investors looking to buy shares in renewable energy company Jet Energy will pay 143 dirhams each, after the Casablanca Stock Exchange set the final price for its planned stock market debut. The decision followed the centralisation and analysis of Type I orders, which generally cover institutional and larger investors. The pricing process was carried out under an Open Price Offer (OPO), a system that allows investors to submit orders before a final share price is set.
Jet Energy is raising money through a capital increase, meaning it will issue new shares and receive the proceeds directly. The company plans to use the stock market to support its development, although the exact amount it expects to raise has not yet been disclosed.
The offering document received approval from the Moroccan Capital Market Authority (AMMC) on 21 October 2026, under reference VI/EM/030/2026. The approval came three weeks before the final share price was announced.
The latest notice does not say how many shares will be allocated, how much money the company will raise or how ownership will be divided after the listing. It also does not provide the subscription rate, the number of investors who applied or the proportion of shares allocated to institutional and individual investors.
The dates for payment, delivery of shares and the start of trading have also yet to be announced.
Jet Energy specialises in solar power and energy solutions for businesses and institutions. Its work includes designing, supplying and building solar photovoltaic installations, as well as providing energy-efficiency services.
The company developed as part of Jet Contractors, a construction and infrastructure group listed on the Casablanca Stock Exchange under the ticker JET. Its parent company has experience in large-scale construction and solar infrastructure projects.
The new share issue could give Jet Energy more money to finance projects without relying entirely on bank loans. Solar developments often require substantial upfront spending on equipment, construction and installation before companies begin generating returns.
The listing also comes as demand for cleaner energy grows among industrial companies, exporters and agricultural businesses. Solar installations can help these firms reduce electricity bills and cut the carbon emissions linked to their operations.
European Union carbon rules are adding to that pressure. The Carbon Border Adjustment Mechanism (CBAM) is designed to put a carbon cost on certain imported goods, encouraging producers to reduce emissions if they want to remain competitive in the European market.
The wider policy environment is also supporting the renewable energy sector. Morocco aims to generate 52% of its installed electricity capacity from renewable sources by 2030.
Laws 13-09 and 40-19 have helped open the electricity market to private renewable energy producers, including by allowing access to medium-voltage electricity networks. This gives companies such as Jet Energy more opportunities to develop solar projects and supply commercial and industrial customers.
The listing could also broaden the range of companies available to investors on the Casablanca Stock Exchange, where banking, telecommunications, construction materials and property have traditionally played a prominent role.
Taqa Morocco, an independent power producer already listed in Casablanca, is an established name in the energy sector. Jet Energy would offer investors exposure to a different business model, focused on solar installations and energy services for businesses.
However, the company’s expansion will depend on its ability to manage several industry risks. These include changes in the prices of solar panels and inverters, delays in connecting projects to the electricity grid, the cost of financing work before clients make payments and pressure on profit margins under fixed-price construction contracts.
The final share price of 143 dirhams provides investors with a confirmed entry price, but important details remain outstanding.
The offering document, approved under reference VI/EM/030/2026, is the key document for assessing the transaction in greater detail. It should provide information on the initial share-price range, the number of existing and newly issued shares, the company’s financial performance, its order backlog and how it intends to use the proceeds.
The final allocation notice should then clarify the total amount raised, investor demand, the number of shares awarded and the distribution between different investor categories.
These figures will also make it possible to calculate Jet Energy’s market value after the listing and establish how much of the company will remain with Jet Contractors and other existing shareholders.
The 143-dirham price therefore settles one of the main questions surrounding the IPO. Investors are now waiting for the allocation results and the date when Jet Energy shares will begin trading.
