Cosumar plans to buy back shares as it expands beyond sugar
Moroccan sugar company Cosumar is planning to buy back some of its shares, if shareholders approve the move at its annual meeting on 22 June in Casablanca.
The plan would run from 20 July 2026 to 20 January 2028. The company says it could buy up to 434,782 shares, or about 0.46% of its total share capital.
It has set aside up to 120 million dirhams for the programme, including a related liquidity contract. The buyback will be funded using the company’s own cash.
Cosumar says it will not sell shares for less than 150 dirhams each and will not buy them for more than 276 dirhams.
Shareholders will also be asked to approve a liquidity contract linked to the buyback. This would run over the same period and cover up to 86,956 shares, or 0.09% of the company. Up to 24 million dirhams will be allocated to this contract, using the same price limits.
The plan comes as Cosumar expands its business.
In May 2026, the company was awarded the “Made in Morocco” label by the Ministry of Industry and Trade. It said the certification reflects its quality standards and its role in supporting local supply chains, working with more than 80,000 partner farmers and 1,300 employees.
Cosumar also reported a record year in 2025. It produced more than 2 million tonnes of white sugar and exported 851,000 tonnes to over 90 countries.
Earlier in April, the company said it is investing more than 500 million dirhams to move into the food-grade carbon dioxide market. It plans to build a new unit at its Casablanca refinery to capture and recycle CO2 from its operations.
The facility is expected to start operating by the end of 2026, with an initial capacity of 20,000 tonnes a year. The project will help reduce reliance on imported liquid carbon dioxide, which is widely used in fizzy drinks and pharmaceuticals.
