CIH Bank and two Qatari groups plan to acquire 40% of Takafulia Assurances

  • | On 9/19/2022 at 7:53

    Revenues increased by 6% compared to H1-2021 under the effect of the increase in rental income. The consolidated net result amounts to 3.8 MDH against a deficit of 4.4 MDH in the same period last year.

  • | On 9/17/2022 at 8:56

    The Wafa Assurance group posted sharply higher results for the first half of 2022, largely driven by the decline in claims and the positive contribution of financial income. Here are the explanations of the CEO of the group.

  • | On 9/16/2022 at 1:27 p.m.

    The group experienced an increase in its net interest margin and its profits. Its president anticipates a better commercial dynamism during the second half, despite a gloomy economic context. The level of provisions is sufficient to deal with a possible increase in bad debts. Exposure to the real estate sector is under control, and the dividend distribution policy should remain unchanged in 2022.

  • | On 9/15/2022 at 3:15 p.m.

    The development potential of the IT distribution sector in Morocco is still promising, according to Abdelkarim Mazouzi, vice-president of the Moroccan Federation of Information Technologies, Telecommunications and Offshoring.

  • | On 9/14/2022 at 4:27 p.m.

    Net assets under-managed by UCITS have been falling since early 2022, mainly due to the depreciation of Equity and OMLT funds. According to a local fund manager, investors are withdrawing from UCITS and reorienting themselves towards OPCIs.

  • | On 9/14/2022 at 8:20

    The group was able to capitalize on the good performance of its Life and Non-Life activities during the first six months of the year. The net result stagnated due to the underperformance of the financial markets. Equity is stable compared to the end of 2021 at 4.8 billion dirhams.

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