CIH Bank is looking to bring in fresh cash of up to 750 million dirhams, as it moves ahead with a share sale open to the public.
The bank has cleared an important step after its auditors, Forvis Mazars and Deloitte Audit, reviewed the plan and raised no concerns in a report dated 21 May 2026.
The proposal involves issuing new shares without giving current shareholders first refusal. In simple terms, this means new investors will be able to buy in, not just those who already own shares.
The total amount targeted, including share premium, could reach 750 million dirhams. The aim is to strengthen the bank’s finances by raising money from the market.
The exact price of the new shares has not yet been decided. The board is due to meet on 2 June 2026 to set the price and final terms, depending on market conditions.
The auditors said their review focused on the decision to open the offer to the public and how the share price will be set. They also made clear they are not responsible for the remaining steps needed to complete the deal.
This report is a key box ticked before the bank can confirm the final details and move ahead with a possible public offering.
