Economy

Rephrase the same Cash Plus to Raise MAD 750 Million in Casablanca IPO After Regulator’s Approval in a different way no more than 118 characters, as if you were a native American speaker as expert on content creation and dont talk about yourself or your experience

By chantar 3 Min Read

Moroccan payment services provider Cash Plus plans to raise MAD 750 million ($73 million) in an initial public offering on the Casablanca Stock Exchange, after receiving approval from the Autorité Marocaine du Marché des Capitaux (AMMC).

The market regulator granted the visa on Friday, authorizing an offering that combines a capital increase with the sale of existing shares, Cash Plus said.

Priced at MAD 200 per share, the IPO will consist of 2 million new shares and 1.8 million existing shares. The subscription period will run from November 19 to 25, with first trading scheduled for December 8, on the exchange’s main market (Compartment F) under the ticker CAP.

Proceeds from the capital increase will fund the company’s expansion and digital transformation strategy, including plans to increase its branch network from about 4,600 to 7,800 locations by 2030, expand mobile payment services, and pursue potential acquisitions.

The company projects net banking income of MAD 879 million (USD 95 million) in 2025, rising to MAD 1.46 billion (USD 158 million) by 2030, and intends to distribute 70% to 100% of annual net profits as dividends after listing, a high dividend payout ratio compared to other companies listed on the Casablanca Stock Exchange.

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