FINANCIAL MARKET HEADLINES
| MOROCCO | CRÉDIT DU MAROC | NIGS up 2% at the end of September 2023
| MOROCCO | AKDITAL | Revenue up 86% at the end of September 2023
In Q3 2023, Akdital’s revenue stood at MAD 507 Mn, up 91% compared to Q3 2022. In this context, the company's revenue amounted to MAD 1,330 Mn at the end of September 2023, i.e. an increase of 86%.
| MOROCCO | TIMAR | Consolidated revenue down 1% at the end of September 2023
In Q3 2023, Timar's consolidated revenue reached MAD 154 Mn, down 7.2% year-on-year. In this context, the operator's consolidated revenue recorded a decline of 1.0% at the end of September 2023 to MAD 490 Mn.
| MOROCCO | TIMAR | Filing of a Public Buyout Offer Project
AMMC announces that, following the crossing of the 95% participation threshold in Timar’s capital, the company Financière Clasquin Euromed has filed a Mandatory Public Buyout Offer project on Timar shares. To this end, AMMC asked the Casablanca Stock Exchange to suspend the listing of Timar shares.
The aforementioned Public Buyout Offer project targets Timar shares which are not held by Financière Clasquin Euromed.
ECONOMIC HEADLINES
| WEAMU | GDP | The growth rate should stand at 4.9% in Q4 2023
According to the BCEAO, the growth rate of economic activity in WAEMU countries should stand at 5.4% in Q3 2023 and 4.9% in Q4 2023, after a growth of 5.7% in the second quarter of the same year.
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