The Casablanca Stock Exchange (CSE) was off to a good start in 2016, which has also seen the largest initial public offering (IPO) to take place in Morocco in eight years. However, the CSE’s all-share index remains below pre-financial crisis levels, as do IPO and trading activity more generally.
COMPANY OVERVIEW: Maroc Telecom (MT) is the leading telecoms operator in Morocco. In January 2015 MT acquired six additional sub-Saharan subsidiaries. The international portion of the business now contributes more than 40% to company revenue. In Morocco the firm operates in both the mobile and fixed...
COMPANY OVERVIEW: Founded in 1985 and listed on the Casablanca Stock Exchange since 2008, Label Vie (LBV) is the number two in the modern distribution sector in Morocco with a 30% market share in terms of surface area (vs. 54% for Marjane/ Acima). The company operates three business segments:...
What benefits can be expected from the agreement signed between the LSE Group (LSEG) and the Casablanca Stock Exchange (CSE) in 2014?
With the overhaul of the CSE’s board, the market is set to move forward in terms of product availability, regulation and international best practices. To better understand the demutualisation, a brief history of the stock is needed. Created in 1929, the CSE saw a lot of companies going public in the 1970s, in the wake of the “moroccanisation...
COMPANY OVERVIEW: Addoha is Morocco’s largest real estate developer with operations in all the segments, including social, middle-income and high-end. In 2015 the social and middle-income segments accounted for 62% of the developer’s revenue, down from 70% in 2011. Revenue stood at Dh7.1bn (€651m)...
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