Aradei Capital, continuing its strong momentum from earlier this year, has announced plans for a second major capital increase in 2024, aiming to raise 400 million dirhams. This new capital increase follows a successful 250 million dirham raise in June and will be put to a shareholder vote during a mixed general meeting scheduled for September 12.
The capital increase will be executed through the issuance of new shares at a unit price of 480 dirhams, comprising 100 dirhams in nominal value and 380 dirhams as an issue premium. Current shareholders’ preferential subscription rights will be waived in favor of a select group of pre-identified investors, including prominent entities such as Label’Vie, Farah Maghreb, Axa Assurance Maroc, CFG Bank, Sanlam, and several investment funds like FCP R-Mixt Croissance and FCP Emergence Equity Fund.
The funds raised through this operation will be entirely paid in cash, with no offset against existing claims on the company. The newly issued shares will carry the same rights and obligations as the existing ones and will be fully integrated into the company’s equity structure, participating in the current financial year.
This move comes on the heels of Aradei Capital’s successful 250 million dirham raise in June, which was heavily oversubscribed at 4.52 times, attracting over 900 investors. The funds from that round were aimed at fueling the company’s growth, and this latest capital increase signals Aradei Capital’s continued confidence and strategic expansion plans.
