The Moroccan Capital Market Authority (AMMC) officially approved the annual update of Jet Contractors’ commercial paper issuance program on December 31, 2024. Issued under reference VI/EM/040/2024, this approval marks a pivotal step in the financing strategy of Jet Contractors, a leading player in Morocco’s construction and engineering sector.
This regulatory green light underscores the program’s compliance with financial regulations and enhances Jet Contractors’ ability to secure short-term funding. The updated documentation includes the company’s reference document for fiscal year 2023 and the first half of 2024, registered under reference EN/EM/035/2024. It also features the prospectus for the commercial paper program, initially filed with the AMMC on November 2, 2023, under reference EN/EM/028/2023. Together, these documents provide an in-depth look at Jet Contractors’ financial performance and development goals, ensuring greater transparency for investors.
Flexibility and investor appeal
With a ceiling of 200 million Moroccan dirhams, Jet Contractors’ commercial paper program offers a nominal unit value of 100,000 dirhams. The maturity periods range from as short as 10 days to a maximum of 12 months, and interest rates for each issuance are tailored to prevailing market conditions. This dynamic structure enables the company to fine-tune its cash flow needs while presenting investors with compelling opportunities.
This strategic move not only bolsters Jet Contractors’ financial agility but also positions it as a transparent and reliable partner in the eyes of potential investors.
