Overview of Capital Raises in 2025
In the year 2025, the Moroccan capital markets experienced significant activity, with total capital raises amounting to 124.4 billion dirhams.
Breakdown of Capital Instruments
The capital raised was primarily composed of negotiable debt securities, which accounted for 77.54 billion dirhams. Additionally, bond issuances contributed 23.68 billion dirhams, while equity instruments raised 5.46 billion dirhams.
Monthly Performance and Lending Operations
The monthly indicators released by the Moroccan Capital Market Authority (AMMC) highlight that the total capital raised in December 2025 alone reached approximately 17.78 billion dirhams.
Furthermore, the outstanding balance of securities lending operations stood at 52.9 billion dirhams at the end of December 2025.
