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AMMC Approves 250‑Million‑Dirham Capital Raise Reserved for CIH Bank Employees
Morocco’s capital‑markets regulator, the AMMC, has given the green light to a 250 million‑dirham capital increase for Crédit Immobilier et Hôtelier (CIH) that is exclusively offered to the bank’s staff and subsidiaries. The move, endorsed by the extraordinary general meeting on 22 May 2026, will create up to 892,857 new shares priced at 280 DH each, with subscription running from 15 to 22 July 2026.
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Regulatory Approval
The Moroccan Capital Markets Authority (AMMC) announced on Wednesday that it has approved the prospectus for a capital increase of Crédit Immobilier et Hôtelier (CIH) that will be offered solely to the bank’s employees and its subsidiaries.
Deal Size and Terms
The financing amounts to roughly 250 million dirhams (MDH), a figure that was authorised by the Extraordinary General Meeting on 22 May 2026.
The increase will consist of a maximum of 892,857 new shares, each issued at 280 DH per share, with a nominal value of 100 DH per share.
Subscription Window
Investors (i.e., CIH staff) can subscribe between 15 July and 22 July 2026 inclusive.
Why It Matters
- Strengthens CIH Bank’s capital base.
- Aligns employee interests with shareholders.
- Signals confidence from regulators in the bank’s growth prospects.
CIH Bank, a major player in Morocco’s banking sector, expects the capital boost to support further loan growth and digital transformation initiatives.