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;))