Stocks Market
Morocco's Telecom Giant Gets Green Light for New Share Buyback Program
The Moroccan Capital Market Authority (AMMC) has approved the information notice for Itissalat Al‑Maghrib’s (IAM) upcoming share‑repurchase programme. The buyback, capped at 1.5 million shares (0.17 % of total capital) with a price band of MAD 78‑170 per share, will run from April 10 2026 to October 9 2027, pending final approval at the shareholders’ meeting on March 26 2026.
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The Moroccan Capital Market Authority (AMMC) confirmed on Wednesday that it has approved the information notice for Itissalat Al‑Maghrib (IAM)’s new share‑repurchase programme.
Key parameters of the buyback
- Maximum number of shares to be repurchased: 1,500,000 shares, representing about 0.17 % of IAM’s total capital.
- Maximum purchase price: MAD 170 per share (or the equivalent in euros).
- Minimum selling price: MAD 78 per share (or the equivalent in euros).
- Programme period: 10 April 2026 – 9 October 2027.
The buy‑back must still be endorsed by IAM’s Ordinary General Shareholders’ Meeting, scheduled for 26 March 2026.
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Stakeholders will watch how the programme influences IAM’s share price and overall market sentiment in the coming months.