Financial Market Headlines
| MOROCCO | MAROC TELECOM | Signing of a strategic partnership with Inwi
In a press release, Maroc Telecom (IAM) and Inwi (Wana Corporate) announce the signature of a partnership agreement allowing the two operators to consolidate their passive telecommunications infrastructures through the establishment of two joint companies, in wich IAM and Inwi each hold 50%. These companies are:
- FiberCo: Dedicated to accelerating the deployment of fiber optics to subscribers throughout the Kingdom;
- TowerCo: Focused on accelerating the deployment of the 5G network across the Kingdom.
Note that the investment amounts allocated for the 1st phase of the project is MAD 4.4 Bn over tree years.
The agreements between Maroc Telecom and Inwi also reflect a mutual desire to move beyond their past dispute relating to infrastructure sharing, which led to a judicial procedure resulting in Maroc Telecom being ordered to pay MAD 6.38 Bn to Inwi as compensation. The parties will settle by waiving all pending legal appeals before the Court of Cassation and reducing the compensation amount to MAD 4.38 Bn, once the final and binding documentation relating to the JVs has been signed.
| MOROCCO | TOTALENERGIES MARKETING MAROC | A consolidated net income of MAD 934 Mn in 2024
| MOROCCO | ADDOHA | Consolidated net income up 62% in 2024, the DPS set at MAD 0.5
| MOROCCO | SNEP | A loss of MAD -75 Mn in 2024
| MOROCCO | SOTHEMA | NIGS up 20% in 2024, the DPS raised to MAD 28
| MOROCCO | UNIMER | A loss of MAD -28 Mn in 2024 against a profit of MAD 14 Mn in 2023
| MOROCCO | AFMA | NIGS up 21% in 2024, the DPS raised to MAD 60
| MOROCCO | SALAFIN | Net income up 3% in 2024, the DPS raised to MAD 29.5
| MOROCCO | M2M GROUP | A profit of MAD 20 Mn in 2024 against a loss of MAD -22 Mn in 2023
| MOROCCO-TUNISIA | ENNAKL AUTOMOBILES | Consolidated NI up 20% in 2024, the DPS raised to TND 0.880
| MOROCCO | BMCI | Payout of an ordinary DPS worth MAD 18 in 2024
In a press release, BMCI announced the payout of an ordinary dividend of MAD 18 per share for the FY 2024, stable compared to the previous year.
| MOROCCO | EQDOM | Results of the mandatory takeover bid
The results of the Mandatory Takeover Bid for Eqdom shares at the initiative of Saham Finances, Société Générale Marocaine de Banque and Investima are the following:
- Number of concerned shares: 364,112;
- As a % of capital: 21.80%;
- Number of presented shares: 2,928;
- As a % of capital: 0.18%;
- Number of shares’ providers:17;
- Participation rate: 0.80%.
Economic Headlines
| TUNISIA | MONETARY POLICY | BCT reduces its key rate by 50 BPS to 7.50%
Following its meeting held on March 26th 2025, the Board of Directors of the Central Bank of Tunisia decided to reduce its key rate by 50 BPS to 7.50%.
