Morocco: SME should get financing on the Casablanca Stock Exchange, says an official

Jan 09, 2014

The creation of an alternative market is "an unavoidable solution" to meet the financing needs of Moroccan small and medium-sized enterprises (SMEs), said Director of development at the Casablanca Stock Exchange Badr Benyoussef

The creation of an alternative market is "an unavoidable solution" to meet the financing needs of Moroccan small and medium-sized enterprises (SMEs), said Director of development at the Casablanca Stock Exchange Badr Benyoussef.

He recommends the establishment of a market with relaxed conditions of entry and with an appropriate level of transparency, he explained in the newsletter of the Casablanca Stock Exchange.

He added that the market would offer some support by investment advisers, in order to get closer to SMEs and better respond to their needs.

Mr Benyoussef said that SMEs can already access
stock market financing through three types of operations - bond issue, sale of a part of the share capital and capital increase.

"The Casablanca Stock Exchange is open to large, medium and small businesses, thanks to its three equity funds and the bond market, not to mention a very competitive price and tax incentives, plus a dedicated grant for SMEs offering up to 500,000 dirhams (€44,600)," he said.

Companies that enter the stock market may also
benefit
from a more optimised financing, a better awareness, the consolidation of their assets and resource mobilisation, he added.ADNFCR-2976-ID-801680315-ADNFCR