Signing of the legal documentation relating to the opening of the capital of the Stock Exchange : 16/06/2016
Mr. Mohamed BOUSSAID, Minister of Economy and Finance, chaired Friday, June 17th at the headquarters of the Ministry of Economy and Finance, the signing ceremony of all the legal documentation relating to the opening of the capital of the Stock Exchange.
Took part in this ceremony the current and future shareholders of the Stock Exchange (the “CDG”, Banks, Insurance Companies, Casablanca Finance City Authority and Brokerage Firms) in the presence of the President of the Moroccan Capital Market’s Authority.
In his opening speech, Mr. Mohamed BOUSSAID thanked the different financial institutions for their mobilization to achieve this ambitious project. The Minister noted that the signing of this legal documentation, including the specifications, the institution’s statutes, the shareholders' agreement and the documents certifying reverse transactions and shares subscription, initiates the new development dynamic of our stock market. This set will help the Stock Exchange achieve a shift in a secure and clear legal framework to ensure the success of this project which is a component of the promotion and positioning of the Casablanca financial center project as a regional and financial hub according to the guidelines of HIS MAJESTY THE KING.
Similarly, the Minister stressed that this ceremony matches with the listing of the company “Marsa Maroc”. This also expresses the will of the public authorities to contribute to the development and the promotion of the center through, whenever appropriate, the listing of public companies. He thus urged the community to pursue its efforts to the success of this project and the development of the stock market.
On the sidelines of this event, the Stock Exchange held the first meeting of its Extraordinary General Meeting and its Board of Directors for the appointment of new directors and the election of its new president.