Stocks Market
CMT Sees Major Shakeup: Ayrad Group Completes Capital Entry, Customs Drops 2.3 Billion Dirham Dispute
In a major update for CMT stakeholders, Ayrad Group Limited completed the acquisition of 100% of OSEAD Fund on April 21, 2026, securing indirect control of 37.04% of CMT’s share capital via Moroccan subsidiary OMM, following an initial press release dated March 26, 2026. Ayrad and CIMR will shortly file for joint control authorization from Morocco’s Competition Council, while CMT also confirmed full settlement of transactional agreements with OMM and Shaba Metals LLC, receiving $35 million and $12 million respectively. The company further announced that the Administration of Customs and Indirect Taxes has withdrawn its legal action, nullifying a 2.32 billion dirham judgment against CMT from November 2025.
Listen to this article
Unlock audio versions of premium articles and more with a Pro subscription.
Major Developments for CMT as Ayrad Group Completes Capital Stake Acquisition
In a significant update for stakeholders of CMT, the company announced on April 23, 2026, the completion of a key acquisition by Ayrad Group Limited on April 21, 2026, following an initial press release dated March 26, 2026. Ayrad has acquired 100% of the shares of OSEAD Fund, an entity that indirectly holds 37.04% of CMT's share capital via Moroccan subsidiary OMM.
Per the terms of the transaction, Ayrad Group and CIMR will soon submit an authorization request to Morocco's Competition Council to formalize their joint control of CMT.
Separately, CMT confirmed that transactional agreements with OMM and Shaba Metals LLC have been fully settled, with the company receiving $35 million and $12 million respectively from the two entities.
In a major win for CMT and its shareholders, the Administration of Customs and Indirect Taxes (ADII), acting on behalf of the Office of Exchange, has formally withdrawn its legal action against the company. This withdrawal closes the judicial proceedings tied to the long-running dispute, and critically, nullifies the November 4, 2025 judgment from the Casablanca Court of First Instance's correctional chamber, which had ordered CMT to pay 2,324,307,274.26 dirhams (approximately 2.3 billion dirhams).
CMT has committed to updating investors and stakeholders on any material developments related to the transaction in line with existing regulatory requirements.