FINANCIAL MARKET HEADLINES
| MOROCCO | BCP | DPS 2020 set at MAD 8
BCP shareholders are convened to the Ordinary General Meeting on June 24th 2021. The latter decides to Payout an ordinary divi-dend of MAD 8 per share.
Meanwhile, the OGM decides that the dividend for fiscal year 2020 for a total amount of MAD 1,618,037,248.00 will be the subject of an option between the payment of the dividend in cash or its partial conversion into shares of the Bank, up to a maximum of 50% of dividends.
| MOROCCO | ADDOHA | The OGM authorizes the issuance of a bond loan of MAD 500 Mn
Addoha shareholders are convened to the Ordinary General Meeting on June 22nd 2021. This authorizes the board of directors to proceed on its own deliberations, with the issue of a bond loan through public offering from holders of bonds issued under the bond loan of a principal amount of MAD 2 Bn issued by the company in July 2014, up to a maximum principal amount of MAD 500 Mn. This is guaranteed by a mortgage on real estate. This authorization is valid for a period of 5 years from the date of this Meeting.
ECONOMIC HEADLINES
| MOROCCO | CPI | An increase of 1.4% y-o-y in April 2021
In April 2021, the Consumer Price Index increased by 1.2% from the previous month. This evolution takes into account a 3.0% in-crease in the food index and a 0.1% increase in the non-food product index. Compared to the same month of the previous year, the CPI rose by 1.4%.
Note that the underlying inflation indicator, which excludes products with volatile prices and products with public tariffs, increa-sed by 0.3% compared to March 2021 and by 0.9% compared to April 2020.
| TUNISIA | REAL ESTATE | The price index up 7% in Q1 2021
During the first quarter of 2021, the real estate price index recorded a 7.0% increase year-on-year. This results from the increase of the prices of land by 6.2%, apartments by 6.1% and houses by 14.4%.
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