Morning Brief February 29th, 2024

FINANCIAL MARKET HEADLINES
| MOROCCO | ATTIJARIWAFA BANK | NIGS up 23% in 2023, DPS raised to MAD 16.5

| MOROCCO | BMCI | Consolidated net income down 8% in 2023

| MOROCCO | CRÉDIT DU MAROC | Consolidated NBI up 14% in 2023
For the FY 2023, the consolidated NBI of Crédit du Maroc stood at MAD 2.9 Bn compared to MAD 2.6 Bn a year earlier, thus recording an increase of 13.9%.

| MOROCCO | LAFARGEHOLCIM MAROC | Consolidated revenue up 3% in 2023
In Q4 2023, the consolidated revenue of LafargeHolcim Maroc recorded an increase of 2.3% to MAD 2,130 Mn. In 2023, this amounts to MAD 8,212 Mn, showing an increase of 2.8%.

| MOROCCO | COSUMAR | Consolidated revenue down 2% in 2023
In Q4 2023, Cosumar's consolidated revenue stood at MAD 2,575 Mn, up 1.6% year-on-year. In 2023, the Group's consolidated revenues show a decrease of 1.9% to MAD 10,233 Mn.

| MOROCCO | TOTALENERGIES MARKETING MAROC | Sales volumes down 2% in 2023
In 2023, TotalEnergies Marketing Maroc's volume sales declined by 1.8% to 1,718 KT. Likewise, the Group's consolidated revenue fell by 14.1% to MAD 16,933 Mn.

| MOROCCO | ADDOHA | Consolidated revenue up 52% in 2023
For the FY 2023, Addoha displays a consolidated revenues of MAD 2,100 Mn, rising by 52.4% year-on-year. Likewise, the Group's pre-sales recorded an increase of 11.4% during the same period to 9,277 units.

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