The Moroccan Capital Markets Authority has approved the prospectus for LAPROPHAN’s initial public offering, with a maximum offering amount of MAD 2,222,535,700. The transaction combines a capital increase with the sale of existing shares. The offering comprises 4,105,500 newly issued ordinary shares and up to 2,412,200 existing shares. The subscription price is MAD 341 per share before a discount applicable to an order category reserved for LAPROPHAN group employees and executives. The shares are to be listed on the Principal A market. Subscriptions will run from Nov. 9 to Nov. 17, 2026, closing at 3:30 p.m.
Moroccan Capital Markets Authority approves LAPROPHAN IPO prospectus for offering of up to MAD 2.22 billion
The Moroccan Capital Markets Authority has cleared LAPROPHAN’s initial public offering prospectus for a transaction of up to MAD 2.22 billion through new and existing shares. Shares are priced at MAD 341 before a discount for an order category reserved for group employees and executives. Subscriptions open Nov. 9 and close Nov. 17, 2026, at 3:30 p.m.