On March 27, 2025, Maroc Telecom shareholders will gather for an Ordinary General Assembly via videoconference. This crucial meeting will address several strategic decisions, including the approval of the 2024 financial statements, the allocation of results, and the renewal of supervisory board mandates. However, one of the most anticipated topics is the implementation of a new share buyback program, a key tool for managing stock market performance and enhancing liquidity.
The first major agenda item is the approval of the company’s financial results for the past year. Shareholders will review reports from the Management Board, the Supervisory Board, and external auditors, assessing the company’s economic and financial position. They will also vote on the consolidated financial statements and regulated agreements, ensuring compliance and transparency in financial operations.
Regarding profit distribution, Maroc Telecom has proposed a dividend of 1.43 dirhams per share, with payouts set to begin on June 2, 2025. This move aligns with the company’s established dividend policy and reflects its financial strength.
Another key decision involves the renewal of several Supervisory Board members’ mandates for a six-year term. High-profile figures such as Nadia Fettah Alaoui, Jassem Mohamed Alzaabi, Abdelouafi Laftit, Abdellatif Zaghnoun, Hesham Abdulla Alqassim, Hatem Dowidar, and Mohammed Karim Bennis are among those set to retain their positions. This continuity in governance underscores a commitment to stability and long-term strategic direction.
Additionally, shareholders will vote on extending Deloitte Audit’s mandate, represented by Adnane Fadouzi, as the company’s external auditor for three more years, covering financial reviews through December 31, 2027.
One of the most significant points on the agenda is the termination of the current share buyback program and the introduction of a new one aimed at optimizing liquidity. Under this plan, Maroc Telecom will repurchase 1.5 million shares, representing 0.17% of its capital, at a price range between 61 and 145 dirhams per share.
The authorization for this initiative will be valid for 18 months, running from April 11, 2025, to October 9, 2026. This program is designed to support the company’s stock price and facilitate smoother trading. To ensure optimal execution, a liquidity contract will be put in place to manage the buyback process and the company’s holdings efficiently.
As per the company’s bylaws, the General Assembly will be held via videoconference. Shareholders wishing to participate must register by March 25, 2025, at 11:00 AM, providing necessary documentation such as proof of share ownership and identification.
For those unable to attend in real time, voting options will be available by proxy or mail, with a designated form accessible on the company’s website. Shareholders can be represented by a spouse, a direct relative, another shareholder, or a specialized asset management entity.
Additionally, shareholders meeting the legal criteria will have the opportunity to propose resolutions for the meeting’s agenda. These proposals must be submitted via registered mail to the company’s headquarters within ten days of the meeting notice’s publication.
