RABAT (Reuters) – 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.
The last IPO on the Casablanca stock exchange took place in July.
(Reporting by Ahmed Eljechtimi; Editing by Kirsten Donovan)
