Moroccan Aradei Capital gets approval for an IPO
Tuesday, 24 November 2020 15:58
Moroccan real estate company Aradei Capital has obtained regulator AMMC’s approval for an initial public offering through a capital increase.
The company will issue 1.2 million shares at MAD400 each. It will also proceed to the transfer of 250,000 shares at MAD400 per share. Aradei Capital, owned 49.6% by Label'Vie group, hopes to mobilize MAD 600 million ($65.8 million) at the end of the operation.
The IPO was decided on November 9, at the Aradei Capital Board of Directors meeting. The objective is to raise funds to finance the company's development plan and enable it to acquire and develop real estate assets. The subscription period for these shares is from 1 to 4 December 2020.
Aradei Capital plans to reorganize its shareholding by the end of this operation.
Chamberline Moko
Live News
-
DR Congo: Kibali Gold Mine Revenue Rises in 2025 Despite Lower Output
05:55
-
Africa Needs 6.1 Million Additional Health Workers by 2030, Africa CDC Says
05:53
-
Ivory Coast Cuts Cashew Prices 6% Amid U.S. Market Uncertainty
05:48
-
Norwegian firm BW Energy’s entry into Angola’s oil sector faces a legal hurdle
16:59
-
Cameroon’s microfinance sector counts 385 licensed lenders, with CFA659bn in loans
19:12
-
U.S. tariffs hit Cameroon exports, revenues fall to CFA38bn
19:08
-
Cameroon roads budget faces CFA84bn gap as works spill into 2026
18:49
-
Tunisian Entrepreneur Ridha Mami Targets Sales Productivity With AI
16:47
-
Rwanda Expands Zipline Partnership to Build National Drone Network
16:45
-
Mohamed Hassan Hijazi Builds All-in-One Platform for Beauty Industry
16:43
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
Oil majors expand offshore exploration from Senegal to Angola Gulf of Guinea accounts for about 1...
Deposits grow 2.7%, supporting lending recovery Average loan sizes small, credit risk persists ...
Visit scheduled from February 4 to 6, 2026, at the invitation of President Hakainde Hichilema Tal...
The BCEAO granted Semoa a level-3 “full service” payment institution license on January 27, 2026...
Kibali gold mine revenue rose 40% in 2025 to $1.04 billion despite a 2% decline in attributable production. Rising gold prices offset lower...
Africa needs 6.1 million additional health professionals to reach universal health coverage by 2030, Africa CDC says. Only Rwanda, Botswana, and...
Ivory Coast set the 2026 minimum farmgate cashew price at CFA400 per kilogram, down 6% year on year. Authorities cited weaker international...
BW Energy’s Angola offshore entry faces partner preemption notice Partner may exercise right of first refusal on Blocks 14, 14K Deal with Azule Energy...
The Pan African Film & Arts Festival (PAFF) will run from February 7 to 22, 2026, in Los Angeles, positioning itself as a major soft power platform for...
More than 100 Senegalese artists publicly urged President Bassirou Diomaye Faye to impose sanctions on Israel over the Gaza conflict. The artists...