Itissalat Al-Maghrib, or Maroc Telecom as it is generally known, plans to pick audit and counseling firm Deloitte, to audit of its accounts. In a meeting notice, published on March 25, 2016, calling its shareholders to the general assembly it is to hold on April 26, 2016, the company revealed that it will replace KPMG, formerly in charge of auditing accounts by Deloitte. Reasons for the change have not been given.

Selecting Deloitte as Maroc Telecom’s new audit firm is the 6th of 7 draft resolutions to be approved during upcoming general assembly. Sakina Bensouda Korachi, auditor, is to represent Deloitte in Maroc Telecom during the next three years or “until after the ordinary general assembly, which is to approve the accounts of the year closing on December 31, 2018,” the meeting notice stated.

During the meeting on April 26, 2016, Maroc Telecom also plans, after its general assembly approves consolidated accounts for 2015, to share all its profits, 5.6 billion dirham. Dividend per share was set at 6.36 dirham.

Other subject which will be discussed at the ordinary general assembly is the cancellation of Maroc Telecom’s ongoing share purchase programme. The company plans to allow its board to, again, act on its shares and establish a liquidity contract on the Casablanca stock market.

Muriel Edjo