Maroc Telecom has launched an ambitious share buyback program, designed to enhance its stock’s liquidity and deliver greater value to its shareholders. Running from April 15, 2024, to October 14, 2025, this initiative authorizes the repurchase of up to 1,500,000 shares, representing 0.17% of its capital.
Key November milestones
November 2024 saw notable trading activity, with Maroc Telecom achieving an average purchase price of 88.16 MAD per share and an average sale price of 88.95 MAD. These figures reflect the company’s meticulous management, aimed at stabilizing its share price while maintaining optimal liquidity levels.
Strategic focus on liquidity
A liquidity contract, encompassing up to 20% of the authorized volume, underscores Maroc Telecom’s commitment to fostering steady market performance. By carefully structuring this program, the company ensures a consistent presence in the market, safeguarding the interests of investors.
A broader vision
This buyback initiative aligns with Maroc Telecom’s broader vision of energizing the financial market while strengthening its leadership in the telecommunications sector. The program not only stabilizes its stock but also reinforces its role as a key player driving confidence in the Moroccan economy.
