Morocco: Asma Invest plans capital increase to support its expansion in the education and energy sectors
Wednesday, 24 April 2019 15:37
Asma Invest jointly owned by Morocco and Saudi Arabia plans to increase its capital from MAD800 million to MAD2 billion.
Hicham Safir, Asma’s director told Moroccan media Leboursier that the operation, approved by the administrative board, should be conducted before the end of H1, 2019.
In the framework of that capital increase, the capital will be opened to foreign investors.
The resources raised will be used to finance Asma’s new strategy that consists of investing in education, health and renewable energies projects.
Since it was created in 1992, Asma Invest has invested MAD5 billion in about thirty companies operating in the real estate, tourism and agriculture sectors.
Chamberline Moko
Live News
-
Former Deloitte Partner Magen Naidoo Named CEO of Mining Investment Firm Mantengu
20:48
-
Cameroon Raises CFA1.3 Trillion, but Market Conditions Turn Tougher
20:24
-
Cameroon’s Public Works Ministry Moves Into New HQ, but Contractors Still Await Payment
20:15
-
Cameroon’s Public Works Ministry Moves Into New HQ, but Contractors Still Await Payment
20:06
-
China Will Not Seek Reciprocity in Trade Pact With South Africa
19:34
-
Coris Holding Targets Gabon in Central Africa Expansion
19:31
-
Madagascar Launches Subsidized Sale of 664,000 Digital Devices
17:31
-
Ivory Coast Launches Online Platform for Renewable Energy Tax Exemptions
17:13
-
Brahim Moussa Hassane Launches Digital Wallet Platform in Chad
17:09
-
Dady Emmanuel Ulrich Ismael Redefines Cross-Border Cash Flow with PAL
17:06
ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...
South Africa led with 35% of total deal value, ahead of Kenya and Egypt Inbound deal value ro...
Investigation targets alleged breaches of Nigeria’s 2023 data protection law Platform processes p...
West African Development Bank (BOAD) launched preparation of its 2026–2030 strategic plan wit...
The fast-growing installment payment market is set to expand sharply across the continent, even as s...
Mantengu CEO Mike Miller resigns effective Feb. 28 Deputy CEO Magen Naidoo to take over March 1 Leadership change amid growth at Langpan chrome...
Cameroon’s Ministry of Public Works (Mintp) says its new headquarters in Yaoundé’s administrative district is fully operational and occupied by all...
China will grant duty-free access to South African goods without requiring reciprocal tariff cuts. Pretoria and Beijing signed the CAEPA framework on...
Authorities have completed about 90% of rehabilitation works on the Dakar–Tambacounda railway line. The government aims to shift freight traffic from...
Located about 500 kilometers southwest of Cairo, between the oases of Bahariya and Farafra, the White Desert stands out as one of Egypt’s most distinctive...
The University of Lomé on Wednesday opened a fossil and rock exhibition hall showcasing specimens from the country’s coastal sedimentary basin. Led by the...