Morocco’s Aradei Capital considers IPO in Casablanca

The latest IPO on the Casablanca stock exchange took place in December 2018

  
An electronic board shows the Moroccan Composite Stock in a photo illustration at Casablanca stock exchange office in Casablanca, Morocco, June 29, 2017.

An electronic board shows the Moroccan Composite Stock in a photo illustration at Casablanca stock exchange office in Casablanca, Morocco, June 29, 2017.

REUTERS/Youssef Boudlal/Illustration

RABAT- Moroccan real estate company Aradei Capital is considering an initial public offering (IPO) to raise 800 million dirhams ($87 million) on the Casablanca stock exchange to support its growth plans.

The IPO will be subject to a vote by shareholders on Nov. 9, it said in a statement.

The latest IPO on the Casablanca stock exchange took place in December 2018.

(Reporting by Ahmed Eljechtimi, editing by Louise Heavens) ((ahmed.eljechtimi@thomsonreuters.com;))

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