Vicenne for medical equipment in Morocco intends to raise $ 500 million Dirhams ($ 54 million) through the first initial public offering on the Kingdom Stock Exchange this year and the second in the health sector. The offering process will take place by issuing 2.1 million new shares worth 236 dirhams per share, according to what the Moroccan authority for the Rapel market announced today. The subscription period was determined from June 30 to July 4 this year. The Moroccan company works in medical equipment in Morocco and a number of African countries through seven subsidiaries in Morocco, Tunisia, Senegal and Cote D’Ivoire. Her name has been changed from “Best Heath” to “Vicenne” last March, and it belongs to “Best Financeier”, the Bennani family investment group, which works in a number of sectors in the kingdom. Last year, the company achieved a net profit of approximately 91 million dirhams, with an annual increase of about 54%. While turnover amounts to about 837 million dirhams, a 20% increase annually. The company strives for this year, exceeding its revenue, a billion dirhams, to reach 1.8 billion dirhams at the end of the current contract. The Morocco Stock Exchange is a candidate to reach a market for one trillion dirhams this year. Read the details. The company said the purpose of the offer is to utilize “investment and growth opportunities and strengthen its location in the sectors in which it works, in addition to facilitating money through direct access to financial markets.” After the presentation process, the share distributed on the stock exchange will be between 20.7%, and ‘best financier’ will maintain the largest share of about 34.8%, followed by the private stock company investment fund with part of 24.8%, and the rest is distributed to members of the Bennani family. The Morocco Stock Exchange has been registering one insertion per year for years, although there is a big demand from investors on shares. The most important index “Mazi” has achieved about 20% since the beginning of the year. The number of companies currently distributing on the stock exchange is 77 businesses and the country strives to exceed 300 businesses by 2035.
A medical equipment business offers its shares on the Morocco Stock Exchange to raise 500 million dirhams
