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
-
Africa Leads Global Solar PV Job Growth With 23% Increase in 2025
19:27
-
Cameroon Tops Global Iroko, Sapelli Exports as Wood Sector Drives 2024 Trade
17:59
-
DRC Nears Deal to Finance 1,000-Bus Urban Transport Project
17:45
-
Cameroon Updates Cost of Rebuilding Its State Oil Refinery to $533 Million
17:33
-
Togo Sets Dec. 15 Start for 2025-2026 Cotton Marketing Season
15:55
-
Togo: Germany Prepares New Governance Program for 2026
14:08
-
EY Cameroon Confirms Anselme Patipewe as Managing Partner Amid Network Overhaul
13:58
-
Cameroon Raises Excise Duties on Older Used Vehicles in 2026 Budget
13:45
-
Cameroon Targets 50,000 New Power Connections by Q3 2026
13:27
-
Younes Chaoui Eases Access to Local Services in Algeria
12:51
Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...
Francophone Sub-Saharan Africa hosts 860+ startups but faces deep structural weaknesses EY urges...
Kossi Ténou succeeds Badanam Patoki as president of the AMF-UMOA. Ténou brings over 20 years of e...
This week in African health news: Global measles cases have dropped nearly 80 percent since 2000, bu...
Maersk will resume transit through the Suez Canal from December 2025 after a two-year diversion. ...
Africa holds 3% of global solar PV jobs but posts fastest 23% growth Utility-scale and off-grid solar drive new roles in installation, sales and...
Cameroon leads global sawn Sapelli and Iroko exports, earning CFA122.2 billion in 2024 Cocoa and rubber exports surge, reinforcing raw-material...
DRC nears deal for Equity BCDC to fund 1,000 Transco buses via digital ticketing Revenue from each ticket will secure loan repayment through a...
Cameroon raises Sonara refinery rehab estimate to 300 billion CFA after new study Lenders, including BEAC’s Window B facility, signal interest in...
Mauritius recorded a 56% increase in UK Google searches for “Christmas in Mauritius” over the past three months. The island ranked fourth overall...
Niokolo-Koba National Park, designated both a Biosphere Reserve and a UNESCO World Heritage Site, is one of the ecological treasures of Senegal and all of...