The Banque Centrale Populaire (BCP) will hold an Ordinary General Meeting of bondholders on March 28, 2025, in Casablanca. This meeting concerns investors holding bonds issued in December 2024, as part of a 1.2 billion dirham bond loan, approved by the Moroccan Capital Market Authority under reference VI/EM/039/2024.
The agenda includes the election of a permanent representative for bondholders, the delegation of powers, and the validation of legal formalities. The HDID CONSULTANTS firm, represented by Mohamed HDID, a certified accountant, has been proposed for this role. His annual fee has been set at 30,000 dirhams (excluding taxes), with the issuer covering all related expenses.
The General Meeting will also confirm that the permanent representative has full authority to safeguard the interests of bondholders and carry out the necessary management actions to ensure their protection. A delegation of powers will be granted for completing all required legal procedures.
This meeting is part of BCP’s commitment to ensuring transparency in the bond issuance process and reinforcing investor confidence in the governance of this financial operation.
