The Moroccan Capital Markets Authority has approved the prospectus for a share buyback programme to be launched by Itissalat Al Maghrib. The programme provides for the company to hold up to 1,500,000 shares, representing 0.17% of its capital, with a maximum purchase price of MAD 170 per share (or euro equivalent) and a minimum selling price of MAD 78 per share (or euro equivalent). The buyback period is set to run from 10 April 2026 to 09 October 2027, and an excerpt of the prospectus will be published in a legal announcements newspaper and on the company’s website, with the full prospectus made available via the company, the Casablanca Stock Exchange and the AMMC. The programme will be submitted for authorisation to the company’s ordinary general meeting scheduled for 26 March 2026.
Moroccan Capital Markets Authority 2026-03-11
Moroccan Capital Markets Authority approves Itissalat Al Maghrib prospectus for 1,500,000-share buyback programme
The Moroccan Capital Markets Authority has approved Itissalat Al Maghrib's share buyback programme prospectus, allowing the company to hold up to 1,500,000 shares, or 0.17% of its capital. The buyback, with a price range of MAD 78 to MAD 170 per share, will run from 10 April 2026 to 09 October 2027, pending authorisation at the company's general meeting on 26 March 2026.