Financial Market Headlines
| MOROCCO | ALLIANCES | Consolidated net income up 26% in 2024, the DPS raised to MAD 3.6
| MOROCCO | HPS | NIGS up 11% in 2024, the DPS raised to MAD 7
| MOROCCO | CMT | A loss of MAD -12 Mn in 2024
| MOROCCO | RDS | A loss of MAD -83 Mn in 2024
| MOROCCO | DARI COUSPATE | Consolidated net income up 33% in 2024
| MOROCCO | EQDOM | A loss of MAD -5 Mn in 2024 against a profit of MAD 89 Mn in 2023
| MOROCCO | CTM | NIGS down 26% in 2024
| MOROCCO | PROMOPHARM | Net income down 3% in 2024
| MOROCCO | BALIMA | Consolidated net income up 61% in 2024
| MOROCCO | MED PAPER | Net income up 39% in 2024
| MOROCCO | MARSA MAROC | Press Release
In a press release, Marsa Maroc announced that the consortium consisting of Boluda Towage France, a subsidiary of the global leader in maritime towing "Boluda Corporación Marítima", and Marsa Maroc, has been awarded the operating license to carry out towing and assistance activities at Nador West Med port for 20 years, starting from Q4 2026.
The consortium will establish a joint venture to manage this operating license and carry out the related investments, including the acquisition of a fleet of four tugboats with an 80-ton towing capacity, for an amount of nearly € 45 Mn. The joint venture's par capital will be divided between Boluda Towage France holding 51%, and Marsa Maroc possessing 49%.
| MOROCCO | MUTANDIS | Capital increase reserved for executives
In a press release, Mutandis announced a capital increase of a maximum amount of MAD 120 Mn . This will concern thirty of the Group’s executives and will be proposed to the next General Meeting.
It should be noted that the shares will be issued at a unit price of MAD 263, i.e. a slight discount compared to the recent average market price, and will be locked in for a period of 36 months minimum starting from their issuance date.
Economic Headlines
| MOROCCO | GDP | A growth rate of 3.7% in Q4 2024
According to HCP, the Moroccan economy's growth rate reached 3.7% in Q4 2024 against 4.2% during the same period of last year. This results from the increase of 4.4% in non-crop activities against a drop of 4.9% in crop activities.
