Morocco’s Akdital To Start IPO in Casablanca

Private health care leader Akdital will make an initial public offering (IPO) on the Casablanca stock exchange to raise 1.2 billion dirhams ($110 million) for its development strategy, according to a press release from The Moroccan Capital Market Authority (AMMC).
The subscription period will run from Nov. 29 to Dec.6, and the offering will be made through a capital increase and share sale.
CEO of Akdital, Rochdi Talib, had previously announced the company’s intention to make an initial public offering in order to fund the company’s expansion throughout Africa and Morocco.