Home Foreign Moroccan Clinic Operator Akdital To Launch IPO In Casablanca

Moroccan Clinic Operator Akdital To Launch IPO In Casablanca

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RABAT, – Private hospital operator Akdital will launch an initial public offering (IPO) to raise 1.2 billion dirhams ($110 million) on the Casablanca stock exchange to fund its development plan, bourse regulator AMMC said on Tuesday.

The offering will take place through a capital increase and a share sale with the subscription period running from Nov. 29 to Dec. 6.

In March, Akdital CEO Rochdi Talib told Reuters the company was considering a listing to fund its expansion plans in Morocco and Africa.(REUTERS)

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