FINANCIAL MARKET HEADLINES
| MOROCCO | ARADEI CAPITAL | The AMMC has approved the prospectus relating to the IPO
The AMMC has approved, on November 23rd 2020, an information prospectus related to the Initial Public Ofering of Aradei Capital. The offering will be realized through a capital increase and a shares sale. The main characteristics of the operation are the fol-lowing:
- Issue price: MAD 400 ;
- Par value: MAD 100 ;
- Number of new shares to issue: 1,250,000 shares ;
- Number of new shares to sell: 250,000 shares ;
- Maximum total offering’s amount: MAD 600,000,000 ;
- First listing procedure: Firm price offer ;
- Subscription period: From December 1st to 4th 2020, at 03h30 PM included.
| MOROCCO | ARADEI CAPITAL | Consolidated revenue down 9% at the end of September 2020
At the end of September 2020, Aradei Capital’s consolidated revenue stood at MAD 193.9 Mn against MAD 213.8 Mn a year earlier, thus showing a decrease of 9.3%.
| MOROCCO | INVOLYS | Revenue down 14% at the end of September 2020
In Q3 2020, Involys’s revenue declined by 39.3% to MAD 8.2 Mn. In this context, revenues at the end of September recorded a de-crease of 13.9% to MAD 27.3 Mn.
ECONOMIC HEADLINES
| MALI | INFLATION | An inflation rate of 4.4% in October 2020
According to the National Institute of Statistics of Mali, the Harmonized Consumer Prices Index increased by 2.0% in October 2020, compared to the previous month. Year-on-year, the inflation rate stands at +4.4% above the community convergence threshold of 3.0% set by WAEMU.
Read more.
