Stocks Market
Maroc Telecom Prepares Fresh Share‑Buyback Programme Ahead of March AGM
Maroc Telecom will ask shareholders at its Ordinary General Meeting on March 26, 2026 to terminate the current share‑buyback plan approved in March 2025 and to approve a fresh programme. The new buy‑back, funded from cash reserves, targets up to 1.5 million shares (0.17% of capital) worth up to 255 million dirhams over an 18‑month window from 10 April 2026 to 9 October 2027, with a price band of 78 DH‑170 DH. A liquidity contract will accompany the programme, allowing the purchase of up to 300 000 shares.
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Maroc Telecom will present two critical resolutions to shareholders at its Ordinary General Meeting scheduled for March 26, 2026. The first resolution seeks to terminate the existing share‑buyback programme that was authorized in March 2025 and originally set to run until October 9, 2026. The second resolution authorises the launch of a fresh buy‑back plan, together with a liquidity contract that will support the execution of the programme.
Key Details of the New Buy‑Back Programme
- Maximum number of shares: 1,500,000 shares (approximately 0.17 % of total equity)
- Maximum capital outlay: 255 million Moroccan dirhams (MDH)
- Authorization period: 18 months, from 10 April 2026 to 9 October 2027
- Price band: Minimum sale price of 78 DH and a maximum purchase price of 170 DH per share
- Funding source: Available cash reserves
In addition, the liquidity contract attached to the programme will enable the purchase of up to 300,000 shares, representing 20 % of the total volume targeted by the buy‑back.
All of these resolutions will be part of the agenda for the March 26 AGM.