Cash Plus launches 750 million dirham IPO to expand network and boost growth

The Moroccan financial group Cash Plus is launching an initial public offering (IPO) worth 750 million dirhams, with 400 million raised through a capital increase, at a subscription price set at 200 dirhams per share. This operation values the group's equity at approximately 4.5 billion dirhams.

The primary aim of this stock market listing is to finance the expansion of Cash Plus's network, which includes 4,900 sales points, 87% of which are franchised, with 77% located in urban areas.

For the year 2025, the group anticipates a net banking income of 878 million dirhams, marking a 15.7% increase compared to 2024, and a net income attributable to the group of 237 million dirhams, reflecting a 21% rise.

The subscription period will run from November 19 to 25, inclusive, with the initial listing scheduled for December 8. The placement syndicate includes the usual market players.