Tanger Med Port Authority (TMPA), a key force behind Morocco’s port infrastructure strategy, is set to hold its annual general meeting on June 23, 2025. The upcoming session will not only confirm the company’s strong 2024 performance but also mark the distribution of record-breaking dividends and usher in a new phase of governance renewal.
TMPA reported a net profit of 1.49 billion dirhams for the year ending December 31, 2024—a clear sign of the port operator’s robust financial health. On the recommendation of its board of directors, shareholders will vote to approve a dividend payout of 1.13 billion dirhams, representing more than 75 percent of the annual profit. The dividends are scheduled to be disbursed by September 30, 2025, underscoring TMPA’s continued focus on shareholder value.
The remaining profit—around 283 million dirhams—will be carried forward to bolster the company’s equity base. In addition to approving the financial results and dividend plan, shareholders will vote on several key governance measures. Among them is the formal appointment of Abdelfattah Sahibi, Secretary General of the Ministry of Equipment and Water, to the board. His inclusion is expected to strengthen the alignment between TMPA’s strategic direction and national infrastructure policies.
Another important agenda item is the six-year renewal of the board’s mandate, extending through to the 2031 general assembly. This long-term continuity reflects TMPA’s ambition to maintain its position as a premier logistics and trade hub connecting Europe, the Mediterranean, and Africa.
The company also plans to nominate an independent board member—an initiative aimed at reinforcing transparency and adhering to best practices in corporate governance. This move signals TMPA’s ongoing commitment to solid leadership as it navigates an increasingly competitive global port landscape.
