Stocks Market
AMMC Approves Reserved Capital Increase for Eligible Risma Executives and Subsidiaries
The Moroccan Capital Market Authority (AMMC) gave the green light on 23 February 2026 for a capital increase that is exclusively offered to eligible managers of Risma and its subsidiaries. The move will see the issuance of 185,185 new shares worth 49,999,950 MAD, with a subscription price set at 270 MAD per share and a limited subscription window from 2 to 6 March 2026. Risma’s transaction is being structured with the help of CFG Finance, BMCE Capital Conseil and Attijari Finances Corp, which are acting as co‑financial advisers. The operation will be carried out without a preferential subscription right for existing shareholders.
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Background
The Moroccan Capital Market Authority (AMMC) authorized, on 23 February 2026, a capital increase for Risma that is exclusively offered to eligible executives of the group and its subsidiaries.
Operation Details
- Number of new shares: 185,185
- Total amount: 49,999,950 MAD (including issue premiums)
- Subscription price: 270 MAD per share
- Subscription window: 02 March 2026 – 06 March 2026 (until 15:30)
- Preferential rights: The right of first refusal for existing shareholders is waived.
Financial Advisors
Risma engaged the following firms as co‑financial advisers to structure and execute the transaction:
- CFG Finance
- BMCE Capital Conseil
- Attijari Finances Corp
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