CFG Bank’s IPO on the Casablanca Stock Exchange was a major success, attracting over 23,000 subscribers for a subscription amount of approximately 21 billion dirhams and nearly 190 million shares requested. This made it the best operation in terms of subscription rate in the last 15 years and the largest in terms of the number of subscribers in the last 10 years on the Casablanca Stock Exchange. Individual investors acquired more than two-thirds of the allocated shares. Although the IPO was for a maximum global amount of 600 million dirhams, the demand reached around 21 billion dirhams, representing a subscription rate of 35 times. In detail, 303 institutional investors, 458 legal entities, and 22,873 individuals participated in the operation. The 600 million dirhams raised on the stock market are intended to support CFG Bank’s rapid growth, improve its equity, and reduce the cost of capital. In terms of profitability, the group aims to double its profits by 2027 to reach 365 million dirhams.

This IPO was a significant event in Morocco’s financial sector, widely covered by local financial media. It attracted strong interest from both domestic and international investors, demonstrating their confidence in CFG Bank. The IPO also increased CFG Bank’s liquidity and strengthened the Casablanca Stock Exchange’s status as Africa’s leading financial market. CFG Bank’s future prospects after its IPO are positive, with expectations of continued growth and expansion of its operations.