Bank of Africa seeks to raise 1 billion dirhams by converting dividends
The €90 capital increase comes on top of the 3.6 billion dirhams (€325m) raised in 2019 to strengthen the Moroccan bank’s equity, but it will further dilute earnings per share.
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▪ Bank of Africa seeks to raise 1 billion dirhams by converting dividends
▪ The €90 capital increase comes on top of the 3.6 billion dirhams (€325m) raised in 2019 to strengthen the Moroccan bank’s equity, but it will further dilute earnings per share.
▪ https://www.africabusinessplus.com/en/804113/bank-of-africa-seeks-to-raise-1-billion-dirhams-by-converting-dividends/
For the second year in a row, the bank – whose company name is no longer BMCE Bank of Africa as of 5 March – plans to give its shareholders the option of receiving their annual dividend as new shares.
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