The Banque Centrale Populaire (BCP) has unveiled a bold buyback program as part of its ongoing strategy to enhance shareholder value. Officially launched on July 15, 2024, the initiative is set to run until January 15, 2026, in line with the provisions of amended decree no. 2-02-556.
Key objectives and market impact
Under the program, BCP has set a maximum purchase price per share at 374 MAD and a minimum sale price at 201 MAD, signaling its commitment to maintaining stability in its stock price. In November 2024 alone, the bank recorded an average weighted purchase price of 298.94 MAD per share, with the average sale price slightly lower at 298.05 MAD.
Performance highlights
To date, BCP has purchased 1,381,072 shares and sold 1,371,163 shares, with 20% of these transactions allocated to a liquidity contract. This measured approach underscores the bank’s aim to ensure both liquidity and price stability, reinforcing investor trust in its long-term strategy.
Why it matters ?
The buyback program reflects BCP’s proactive stance in navigating market fluctuations while safeguarding the interests of its stakeholders. By strategically managing share liquidity and pricing, the bank continues to project resilience and strengthen its market position.
