Morning Brief december 24th, 2020

FINANCIAL MARKET HEADLINES

| MOROCCO | ATTIJARIWAFA BANK | The ex-dividend date set for December 31st 2020

Attijariwafa bank will proceed to the payment of its dividend of MAD 6.75 per share on January 13th 2021. The ex-dividend date is set for December 31st 2020.

| MOROCCO | S2M | Downward crossing of the 20% participation threshold

The AMMC announces the sale by Chadha Holding of 17,500 S2M shares at a unit price of MAD 160, crossing downward the 20% participation threshold in the capital of the said company. In addition, Chadha Holding plans to continue its purchases on S2M stock within 12 months following this transaction.

| MOROCCO | ARADEI CAPITAL | Downward crossing of the 10% participation threshold

AMMC announces, that within the framework of Aradei Capital IPO, the sale by the EBRD of 250,000 Aradei Capital shares at a unit price of MAD 400, falling below the threshold of 10% participation in the capital of the said company. In addition, the EBRD plans to stop its purchases of Aradei Capital stock within 12 months following this transaction.

 

ECONOMIC HEADLINES

| MOROCCO | PLL | Prepayment of part of the drawdown

On December 21st 2020, Morocco prepaid at the IMF an amount of 651 million SDRs (Special Drawing Rights), equivalent to $ 936 Mn or MAD 8.4 Bn. This operation will be effective on January 8th 2021.

| SENEGAL | INDUSTRY | Production up 15% y-o-y in October 2020

According to the National Agency for Statistics and Demography, the Harmonized Industrial Production Index of Senegal in-creased by 3.2% in October 2020, compared to the previous month. Year-on-year, industrial production appreciated by 14.6%.

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