People stand near a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Thursday, May 20, 2021. Shares were mixed in Asia on Thursday after benchmarks closed broadly lower on Wall Street in a third day of retreat. (AP Photo/Vincent Yu)
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.
