The Moroccan Capital Market Authority has given the green light for Itissalat Al Maghrib’s share buyback program, as outlined in an official notice dated March 12, 2025. This initiative is designed to stabilize the company’s stock price on the market and enhance the management of its shares.
Under the program, the company plans to repurchase up to 1.5 million shares, representing 0.17% of its capital. The maximum purchase price has been set at 145 dirhams (or its equivalent in euros), while the minimum selling price will be 61 dirhams. The buyback will take place over a period extending from April 11, 2025, to October 9, 2026.
Before the plan can be implemented, it must receive approval from the company’s Ordinary General Assembly, scheduled for March 27, 2025. A summary of the information notice will be published in a legal announcements newspaper as well as on Itissalat Al Maghrib’s official website.
