FINANCIAL MARKET HEADLINES
| MOROCCO | ATTIJARIWAFA BANK | Characteristics of the capital increase
The AMMC has approved, on December 25th 2020, a prospectus related to the capital increase of Attijariwafa bank through the optional conversion into new shares of distributed amounts. This capital increase has been approved by the company’s extraordi-nary shareholders meeting held on the December 21st 2020. The main characteristics of the operation are the following :
- Issuance total amount: MAD 1,416,552,692 ;
- Maximum number of new shares: 3,650,909 shares ;
- Issue price: MAD 388 ;
- Par value: MAD 10 ;
- Issue premium: MAD 378 ;
- Vesting date: January 1st 2021 ;
- Subscription period: from January 14th to February 15th 2021 included.
Note that this capital increase is reserved for holders of Attijariwafa bank shares a day earlier of the ex-dividend date scheduled on January 5th 2021.
ECONOMIC HEADLINES
| TUNISIA | FOREIGN TRADE | Imports volume down 16% at the end of November 2020
At the end of November 2020, exports and imports in volume recorded respective declines of 12.7% and 16.4% year-on-year. Likewise, the prices of exports and imports fell by 0.9% and 4.1% respectively during the same period.
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