CDG Capital has taken a bold step forward in its expansion strategy. On December 10, 2024, the company’s board of directors approved a capital increase of 405 million dirhams (roughly $40 million), raising its total capital from 1.03 billion dirhams to 1.435 billion dirhams. This move, funded entirely through a cash contribution, aims to strengthen CDG Capital’s financial capacity and support its long-term growth ambitions.
The decision comes on the heels of exceptional performance. As of September 2024, CDG Capital reported a consolidated net banking income of 276 million dirhams—a jaw-dropping 73.5% increase compared to the same period last year. This surge was largely driven by the firm’s market operations, which capitalized on investment opportunities and implemented effective risk management strategies.
Meanwhile, assets under management soared by 16.8%, reaching an impressive 227 billion dirhams. Custody assets also climbed 13.9%, totaling 561 billion dirhams. These figures underscore the growing trust of investors and financial partners in CDG Capital’s stability and expertise.
The company’s liquidity position remains robust, with a short-term coverage ratio (LCR) holding at a healthy 156%. This is a testament to CDG Capital’s financial resilience. However, the company’s debt level has also risen, standing at 10.9 billion dirhams as of December 31, 2024—up from 9.6 billion dirhams at the end of the previous year.
Preparing for a leading role in Morocco’s economic future
With this new injection of capital, CDG Capital is better positioned to consolidate its leadership in Morocco’s financial sector. The funding will enable the firm to scale up its strategic investments, diversify its business activities, and meet the growing demand for financing in key infrastructure and development projects across the country.
This initiative is part of CDG Capital’s long-term vision: to reinforce its ability to drive economic development in Morocco by delivering innovative and tailored financial solutions that address the nation’s evolving needs. By doing so, CDG Capital aims to remain at the forefront of economic progress and contribute meaningfully to the Kingdom’s future prosperity.
