The Moroccan Capital Market Authority (AMMC) targeted, on April 5, a new stocks buyback program for the telecom operator.
The number of shares to be held reaches 1.5 million, or 0.17% of the capital. The maximum purchase price is set at MAD 189 and the minimum sale price at MAD 89.
Note that the program runs from May 8, 2019 to November 6, 2020. The program will be submitted to the Ordinary General Meeting of Maroc Telecom on April 23.