Mr. BOUSSAID : "The opening up of " MARSA-MAROC " is an appropriate opportunity to further strengthen and boost its governance" : 18/07/2016
Mr. Mohammed BOUSSAID, Minister of Economy and Finance, stated, Tuesday, July 19th , 2016 in Casablanca, that the listing of
" MARSA-MAROC “ is likely to strengthen the market position of this ports’ operating company and contribute to the improvement of the quality of its services.
Speaking on this occasion, the Minister believes that this sale transaction will create new opportunities of growth and development for this company.
Mr. BOUSSAID stressed that the sale transaction will also enable “MARSA-MAROC” to strengthen its development agenda at the national level by the establishment of new terminals and at the regional level by developing its activities in particular in African countries.
The Minister further stated that the opening of “MARSA-MAROC" capital will finally be an appropriate opportunity to further strengthen and give impetus to the governance of this company by combining new shareholders in the round and being open to independent directors.
Mr. BOUSSAID noted that the sale transaction on the Casablanca Stock Exchange of a minority stake of MARSA-MAROC has been very successful at all levels. Indeed, the number of subscribers reached 18 837 and the oversubscription rate exceeds 6 times.
MARSA-MAROC is a public company resulting from the port reform initiated in 2005. It plays a significant role in the Moroccan economy by ensuring public tasks.
Moreover, the Minister of Economy and Finance recalled all the legislation on the financial market and referred in this case to the bill on the stock exchange which is under parliamentary discussion.