Stocks Market
CIH Bank Mulls Full or Partial Acquisition of CDG Capital’s Asset Management and Brokerage Arms
CIH Bank has signed a memorandum of understanding with CDG Capital to explore the purchase of either the entire stake or a significant minority share in CDG Capital Gestion and CDG Capital Bourse. The two entities specialize in mutual‑fund management and stock‑exchange brokerage respectively, and the deal would reinforce CIH’s push into high‑value‑add services such as asset management and securities trading. The transaction remains subject to the conclusion of negotiations, the signing of definitive contracts and the approval of all required regulatory and supervisory bodies. CIH Bank pledged to keep the market informed of any material developments.
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CIH Bank is evaluating a potential acquisition – either total or a sizable minority stake – in CDG Capital Gestion and CDG Capital Bourse.
Under a recently signed memorandum of understanding with CDG Capital, the two entities, which operate in mutual‑fund management and stock‑exchange brokerage respectively, are being examined as strategic targets for CIH Bank.
Strategic rationale
The move aligns with CDG Group’s ongoing strategic refocus and reflects CIH Bank’s ambition to deepen its presence in high‑margin businesses such as asset management and securities brokerage. CIH already participates in the Moroccan asset‑management market through its subsidiary CIH Capital Management.
Should the deal close, CIH would be able to:
- Consolidate its asset‑management platform and broaden product offerings for institutional investors, corporates and retail clients.
- Leverage CDG Capital’s brokerage capabilities to enhance its execution services.
- Capitalize on CIH’s extensive branch network and its digitally‑driven distribution model focused on innovation.
Conditions and next steps
The transaction is conditional on the successful completion of ongoing discussions, the execution of definitive agreements, and the receipt of all required legal, regulatory and social authorisations.
CIH Bank has committed to keeping the market informed, in accordance with applicable disclosure obligations, of any material progress related to the operation.
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Related articles you may find useful:
- Jan 16, 2026 – CIH Capital Management focuses on "value" equities.
- Dec 31, 2025 – TAIC appoints CDG Capital Gestion as a Moroccan asset‑management mandate holder.
- Dec 5, 2025 – AGR maintains a buy recommendation on CIH Bank with a target price of 492 MAD.
- Dec 5, 2025 – CDG Capital reports strong revenue growth at end‑September 2025.