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FINANCIAL NEWS
Morocco’s phosphate producer to raise USD500mn
30 Nov 2016
(MENAFN) Morocco’s Phosphate producer (OCP) aims to issue almost USD500mn of domestic perpetual bonds.
Additionally, the firm has been increasing output to help offset a slide in prices and plans to generate 47mn tons of crude phosphate annually in coming years.
Moreover, it is OCP’s local bond issue since 2011, as the group wants to spread its funding sources, while last year it raised USD1bn in a global bond issue.
The company, which reported a 23 percent drop in H1 profit in Sep due to low prices, aims to invest almost USD20bn over 2008-25.
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HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
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BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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