Auto Hall Major Shareholder Hakam Abdellatif Finances Falls Below 10% Stake Following Capital Increase

Auto Hall's Key Shareholder Loses Ground as Capital Expansion Triggers Dilution

The Moroccan Capital Market Authority (AMMC) has officially confirmed that Hakam Abdellatif Finances has fallen below the 10% participation threshold in the capital of Auto Hall. The decline was not the result of any share sale but rather the direct consequence of a dilution effect caused by a recently completed capital increase.

How the Dilution Occurred

The AMMC disclosed in a formal communiqué that the threshold breach came into effect following Auto Hall's capital increase, whose prospectus received regulatory approval under reference number VI/EM/025/2026. As new shares were issued, the relative ownership of existing shareholders was proportionally reduced, pushing Hakam Abdellatif Finances below the significant 10% mark.

Updated Shareholding Details

Following the completion of the capital operation, Hakam Abdellatif Finances now declares ownership of 5,029,653 shares of Auto Hall, which translates to a 9.28% stake in the company's total capital. While the figure remains substantial, it no longer qualifies the entity for the 10% reporting threshold that triggers mandatory disclosure obligations under Moroccan market regulations.

What This Means for Investors

• The dilution is purely mechanical and does not indicate any loss of confidence by the shareholder.
• The capital increase itself may signal growth ambitions for Auto Hall, which remains a major automotive distributor in Morocco.
• Investors should monitor whether additional shareholders face similar threshold adjustments following this capital operation.