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FINANCIAL NEWS
Morocco raises USD197mn in Marsa Maroc
28 Jun 2016
(MENAFN) Morocco raises USD197mn by selling 40 percent share in state-owned port operator Marsa Maroc in the nation’s first initial public offering this year.
Additionally, Marsa Maroc manages terminals at nine Moroccan ports and offers logistic services, while the port operator seeks funds for expansion.
Moreover, Marsa Maroc valued at almost USD0.50bn, sold 29.36mn shares at USD6.5mn, while it raised USD0.19bn, including USD60.47mn from shares.
Meanwhile, Marsa has no debt and the government will continue to take dividends due to public deficits, and it had more than 2,000 workers.
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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