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Casablanca Stock Exchange: 14 new companies join the Elite program

The Casablanca Stock Exchange has just announced, on Tuesday, 4 December, the launch of the 6th cohort of the Elite program, which includes 14 new companies: Kaprio, Luxus Paper, Scandimar, Top Medical, Promomarbre, Anfa Realties, Biougnach Equipments, Caciopee, Groupelec , GIEM, First Computer, Modern Packaging, Litho Typo Moroccan and Pharmavet Morocco.

These companies have a global turnover of more than one Billion dirhams, employ nearly 1,000 people and operate in 12 sectors.

During this ceremony, Karim Hajji, General Manager of the Casablanca Stock Exchange, said: “Elite Morocco is expanding according to our expectations and each new cohort launched reflects the success of the program and its relevance for the development of Moroccan companies. Moreover, 18 Elite Morocco companies have announced their intention to carry out a transaction in the market, the majority via an IPO.

On the sidelines of this event, the Casablanca Stock Exchange also announced the certification of 9 new companies that are part of previous cohorts. These are: AJP, CMGP, CMM, General Projects, GEMADEC, Madec, Maghreb Industries, Multisac and Super Cerame.

It should be noted that 3 companies in the first five cohorts of the program have reached the 3rd phase “Get Value” where companies continuously access the Elite community internationally, via the online platform, to seize business opportunities and financing.

35 companies have reached the second phase of the “Get Fit” program. During this phase, companies evaluate their organizational and financial systems in order to initiate potential changes to operate and support the development of a business plan.

Among the companies already certified, 3 companies have completed capital opening operations, 3 others have mandated merchant banks for the opening of their capital.

In addition, the Casablanca Stock Exchange has signed two Memorandum of Understanding, one with the Moroccan Capital Markets Authority (AMMC) and the other with the General Confederation of Moroccan Enterprises (CGEM), to promote access to finance for SMEs in particular through access to the capital market.

To do this, the AMMC expresses its commitment to optimize its processes for processing files submitted by Elite companies.

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