CIH Concludes Successful Capital Increase, Bolsters Financial Position

Strategic Insights -

CIH, a leading financial institution, has recently concluded a capital increase in cash, raising over 1.47 billion MAD (approximately $153 million USD). This significant move aims to bolster the company's financial standing and support future growth initiatives. The capital increase operation was characterized by a subscription rights offering, allowing existing shareholders to participate. The general extraordinary meeting that approved this move took place on June 11, 2025. The shares were offered at a price of 358.00 MAD per share, with each share holding a nominal value of 100.00 MAD. The subscription period opened on July 4, 2025, and closed on July 23, 2025.

Key Takeaways:

  • The capital increase raised over 1.47 billion MAD, increasing CIH's capital from 3.15 billion MAD to 3.56 billion MAD.
  • The operation involved a subscription rights offering, allowing existing shareholders to participate.
  • CIH's shares were offered at a price of 358.00 MAD per share, with each share holding a nominal value of 100.00 MAD.
  • The general extraordinary meeting that approved the capital increase took place on June 11, 2025.
  • CIH Bank and CDG Capital acted as financial advisors, while CDG Capital Bourse was responsible for the registration of the operation.
  • The capital increase was officially approved by the relevant authority on July 31, 2025.
  • The number of shares increased from 31,497,283 to 35,605,624 post-operation.
  • The Casablanca Stock Exchange categorizes CIH within the designated market category, providing stakeholders with insights into the company's financial adjustments and strategic plans.
  • The successful execution of this capital increase positions CIH for potential expansion and enhanced market competitiveness.

Statistics:

  • Capital Increased: 1.47 billion MAD
  • Increase in Capital: +$153 million USD
  • Number of Shares Pre-Operation: 31,497,283
  • Number of Shares Post-Operation: 35,605,624
  • Subscription Period: July 4, 2025 - July 23, 2025
  • Approval Date: July 31, 2025
  • Share Price: 358.00 MAD per share
  • Nominal Value per Share: 100.00 MAD

Sources:

  • (Casablanca Stock Exchange) "CIH Concludes Capital Increase", August 5, 2025
  • (Casablanca Stock Exchange) "Financial Highlights - CIH", 2025
  • CIH Official Announcement, July 31, 2025
  • Casablanca Stock Exchange, "Designated Market Companies", 2025