Morning Brief June 29th, 2021

FINANCIAL MARKET HEADLINES
| MOROCCO | PROMOPHARM | DPS 2020 set at MAD 30
The shareholders of Promopharm met for an Ordinary General Meeting on June 24th 2021. This decided the distribution of a divi-dend of MAD 30 per share for the FY 2020 which will be paid starting July 26th 2021.

ECONOMIC HEADLINES
| TUNISIA | PUBLIC FINANCES | The fiscal deficit down 47% at the end of April 2021
At the end of April 2021, the fiscal deficit was reduced by 47.0% compared to the end of April 2020 to settle at TND 1.2 Bn. This results from the 1.3% decrease in budgetary expenses combined with the 20.0% increase in tax revenue.

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