Finance & Business

Capgemini SE capital increase for employees approved by AMMC

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The Moroccan Capital Market Authority (AMMC) has approved the preliminary prospectus for a capital increase by Capgemini SE, exclusively reserved for its employees. This increase will involve the issuance of up to 2,700,000 new...

Renault shares sale for employees greenlit by AMMC

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The Moroccan Capital Market Authority (AMMC) has officially approved the prospectus for a Renault share sale, exclusively available to the company's employees. This operation offers a total of 5,914,445 shares for subscription. According to the...

Sopriam : New premium division and exclusive DS 7 unveiled

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In a glamorous event held at the prestigious Royal Mansour, Sopriam revealed a comprehensive new strategy aimed at reshaping its brand portfolio and elevating its market presence. Several key announcements were made, including the...

Wafabail reports 49.7% increase in net banking income by June 2024

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Wafabail, a subsidiary of Attijariwafa Bank, reported a net banking income (PNB) of 230 million dirhams by the end of June 2024, marking a significant increase of 49.7% compared to the same period in...

CIH Bank successfully completes capital increase operation

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CIH Bank has successfully concluded its capital increase operation, which was reserved for shareholders and holders of preferential subscription rights, through the issuance of 977,499 new shares. This capital increase amounts to 349.944 million...

Wafa Assurance : 8.7% revenue growth in H1 2024

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Wafa Assurance Group achieved a consolidated revenue of 7.1 billion dirhams (MMDH) in the first half of 2024 (H1-2024), reflecting an 8.7% increase driven by strong performances both in Morocco and internationally. This growth...

Stroc Industrie reports 5% revenue growth in Q2 2024

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Stroc Industrie achieved a revenue of 25.5 million dirhams (MDH) in the second quarter of 2024 (Q2-2024), marking a slight increase of 5% compared to the same period last year. This quarter was notably...

S2M Group Sees 12.6% Revenue Growth in H1 2024

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The S2M Group achieved a consolidated revenue of 146.9 million dirhams (MDH) by the end of June 2024, reflecting a 12.6% increase compared to the same period last year. In the second quarter of...

Les Eaux Minérales d’Oulmès reports 16.5% revenue growth in H1 2024

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Les Eaux Minérales d'Oulmès (LEMO) recorded a 16.5% increase in revenue for the first half of 2024, reaching 1.321 billion dirhams (MMDH). This growth reflects the company’s ongoing innovation and development initiatives, which have...

Cosumar records 83% progress in sugar harvest campaign by June 2024

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Cosumar has announced that its sugar harvest campaign reached 83% completion by the end of June 2024, a significant improvement from the 62% achieved during the same period last year. Despite challenges posed by...

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