The AMMC approves the update of Managem’s commercial paper program.
The Moroccan Capital Market Authority (AMMC) announced on Thursday that it has approved the annual update of the information dossier related to the cash note issuance program of the Managem group, under reference VI/EM/006/2026.
This initiative aligns with the regulatory obligations associated with financing programs in the money market.
An Updated Information Dossier for 2024 and 2025
According to a statement from the AMMC, the information dossier includes:
The reference document of Managem for the fiscal year 2024 and the first half of 2025, registered on March 12, 2026 under reference EN/EM/006/2026;
The note regarding the cash note issuance program, recorded on March 4, 2025 under reference EN/EM/004/2025.
These documents provide investors and the market with updated financial information on the group’s situation and outlook.
A Cash Note Issuance Program Capped at 2 Billion Dirhams
The cash note issuance program of Managem is characterized by several key parameters:
Overall cap: 2 billion dirhams
Unit nominal value: 100,000 dirhams
Maturity: between 10 days and 12 months
Interest rate: fixed and determined for each issuance according to market conditions
This framework enables the company to diversify its sources of short-term financing in the financial market.
Public Access to the Information Dossier
The AMMC specifies that the approved information dossier is made available to the public:
at the head office of Managem;
on the company’s website;
at Attijariwafa bank, located at 2 Boulevard Moulay Youssef in Casablanca;
as well as on the official AMMC website.
This transparency aims to ensure complete and accessible information for investors and stakeholders in the Moroccan financial market.
