The Moroccan Capital Market Authority (AMMC) has unveiled the results of stock buyback transactions carried out in December 2024. These programs, governed by Decree No. 2-02-556, highlight the strategies employed by listed companies to support their share prices and optimize financial management.
Among the standout performers in these initiatives are Maroc Telecom and the Banque Centrale Populaire (BCP).
Maroc Telecom: A controlled strategy for market stability
Maroc Telecom initiated its stock buyback program on April 15, 2024, with plans to continue until October 14, 2025. The program permits a maximum purchase of 1,500,000 shares, accounting for 0.17% of its share capital. The buying price is capped at 140 MAD, while the minimum selling price is set at 68 MAD.
Additionally, a 20% limit on liquidity contract transactions ensures market balance. This disciplined approach reflects Maroc Telecom’s commitment to stabilizing its stock price and maintaining investor confidence.
Banque Centrale Populaire: Transparency and performance
The Banque Centrale Populaire (BCP) has similarly implemented a robust strategy under its program, which began on July 15, 2024, and is scheduled to run until January 15, 2026. The program’s results underscore BCP’s adherence to transparency and efficiency.
The maximum purchase price for BCP shares is set at 374 MAD, while the minimum selling price is 201 MAD. This approach aligns with the company’s goals to enhance its stock market appeal while effectively managing its equity.
Strategic tools for market confidence
These stock buyback initiatives reflect Moroccan companies’ ability to adapt to dynamic financial markets while complying with strict regulatory frameworks. Beyond stabilizing share prices, such programs serve as strategic tools to bolster investor trust and promote stock market resilience.
With thoughtful execution and adherence to best practices, these initiatives contribute to the strength and stability of Morocco’s financial sector.
