| 20 June 2024, Thursday |

Moroccan clinic operator Akdital to launch IPO in Casablanca

Private hospital operator Akdital will launch an initial public offering (IPO) on the Casablanca stock exchange to raise 1.2 billion dirhams ($110 million) to fund its development plan, according to bourse regulator AMMC.

The offering will take place through a capital increase and a share sale with the subscription period running from Nov. 29 to Dec. 6.

In March, Akdital CEO Rochdi Talib told Reuters the company was considering a listing to fund its expansion plans in Morocco and Africa.

The last IPO on the Casablanca stock exchange took place in July.

  • Reuters