Stocks Market
SOMAGEC Secures DH500 M Private Bond Deal with CIH Bank and Saham Bank
CIH Bank and Saham Bank have successfully closed a private placement bond issuance for the Moroccan Civil Engineering Company (SOMAGEC) totaling 500 million dirhams. The raise, limited to qualified investors, will fund SOMAGEC’s 2026‑2030 investment programme and reinforce its financing strategy in the capital markets. The two banks acted as financial advisors and placement agents, supported by Maleh Law Firm as legal counsel and Hdid & Associates representing the bondholders, with CIH Bank serving as the centraliser.
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Deal Overview
CIH Bank and Saham Bank announced the successful completion of a private‑placement bond issuance for the Société Maghrébienne de Génie Civil (SOMAGEC). The transaction, amounting to DH500 million, was exclusively offered to qualified investors.
Purpose of the Funds
The proceeds will back SOMAGEC’s financing strategy and fund its 2026‑2030 investment programme. By securing this capital, the company aims to accelerate growth projects and solidify its position in Morocco’s construction sector.
Advisors and Structure
The operation was coordinated by CIU and Saham Bank acting as financial advisors and placement agents. Supporting partners included:
- Legal Advisor: Maleh Law Firm (Younes Maleh)
- Bondholder Representative: Hdid & Associés (Mohamed Hdid)
- Centralizer: CIH Bank
This issuance marks a strategic step for SOMAGEC, showcasing its ability to tap the capital‑market pipeline and underpin the expansion ambitions of leading Moroccan enterprises.