Maghreb Oxygène, a subsidiary of the Akwa Group, has taken a bold step to secure its future growth. The company’s General Assembly met at the Akwa Group headquarters to discuss and approve a key strategic initiative aimed at bolstering its financial capacity.
The highlight of the meeting was the approval of an ambitious bond issuance program. With a maximum value of 450 million Moroccan dirhams (MAD), this program is designed to mobilize funds through private placements. The initiative aligns with the company’s long-term vision, providing essential financial resources to support its growth and development projects.
The authorization for the bond program spans a five-year period, granting the company the flexibility to issue bonds in one or multiple tranches depending on its financing needs. This decision represents a pivotal milestone for Maghreb Oxygène, allowing the company to scale its operations and pursue new opportunities with greater financial backing.
In addition to approving the bond program, the General Assembly unanimously adopted two other critical resolutions:
- Empowering the board of directors: The board has been granted the authority to oversee all necessary steps for implementing the bond issuances. This includes negotiating terms and ensuring smooth execution of the financial operations.
- Administrative formalities: Additional measures were approved to ensure compliance with regulatory requirements, streamlining the process for a seamless execution.
This strategic move reflects Maghreb Oxygène’s commitment to securing the resources it needs to sustain its momentum in the competitive industrial sector. Backed by the Akwa Group, this bond issuance positions the company to better navigate financial challenges and seize growth opportunities in the years to come.
