Morning Brief August 31th 2023

FINANCIAL MARKET HEADLINES

| MOROCCO | CIH BANK | Consolidated NBI up 37% in H1 2023
In H1 2023, CIH Bank's consolidated Net Banking Income amounted to MAD 2,218.9 Mn against MAD 1,624.3 Mn in H1 2022, i.e. an increase of 36.6%.

| MOROCCO | LAFARGEHOLCIM MAROC | Consolidated revenue up 3% in H1 2023
In Q2 2023, the consolidated revenue of LafargeHolcim Morocco shows an increase of 3.7% to MAD 1,999 Mn. In H1 2023, this stood at MAD 4,130 Mn, up 3.1%.

| MOROCCO | COSUMAR | Consolidated revenue down 2% in H1 2023
In Q2 2023, Cosumar's consolidated revenue stood at MAD 2,446 Mn, down 5.6% year-on-year. In this context, the operator's consolidated revenue fell by 2.3% in H1 2023 to MAD 4,958 Mn.

| MOROCCO | TOTALENERGIES MARKETING MAROC | Sales volume down 7% in H1 2023
In H1 2023, TotalEnergies Marketing Maroc's volume sales fell by 6.9% to 840 KT compared to 902 KT a year earlier. The operator's consolidated revenue stood at MAD 8,263 Mn in H1 2023, down 13.1%.

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