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CIH Bank Greenlights Dual Capital Raises Totalling 1 Billion Dirhams
At its extraordinary general meeting on May 22, 2026, CIH Bank’s shareholders unanimously approved two capital‑raising operations that could bring up to 1 billion Moroccan dirhams into the bank’s equity. The first tranche, up to 250 million dirhams, is earmarked for employees of CIH and its subsidiaries and will be issued without a pre‑emptive subscription right. The second tranche, up to 750 million dirhams, involves a cash‑only issuance of new shares, also without pre‑emptive rights, and will be finalized by the board and CEO.
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Shareholders Endorse Dual Capital Increments
During the extraordinary general meeting held on 22 May 2026, CIH Bank’s shareholders voted unanimously to approve two separate equity‑raising operations that together could inject up to 1 billion Moroccan dirhams into the bank’s capital base.
Employee‑Focused Capital Raise – Up to 250 Million Dirhams
The first tranche is a targeted capital increase for CIH Bank employees and staff of its subsidiaries. The maximum amount is 250 million dirhams, and the issuance will be carried out without the traditional pre‑emptive subscription right, allowing the bank to allocate shares directly to its workforce.
Broad Capital Expansion – Up to 750 Million Dirhams
The second operation authorises a cash‑only issue of new shares up to 750 million dirhams. Like the employee tranche, this round also foregoes the pre‑emptive subscription right, meaning the new equity will be placed directly with investors under the terms set by the board.
Next Steps
The resolutions were adopted with 100 % of the votes cast. The board of directors and the Chief Executive Officer have been empowered to define the final mechanics, set the subscription timelines, and formally record the completion of the capital increases.
CIH Bank’s move comes amid a broader trend of Moroccan financial institutions strengthening their balance sheets to support growth, digital transformation, and expanded lending activities.