The primary objective of this operation is to finance the development of the group. The distribution network includes 4,900 points of sale, with 87% being franchised. Nearly 77% of the network is located in urban areas.
Cash Plus anticipates a net banking income (NBI) of 878 million dirhams in 2025, representing a 15.7% increase compared to 2024. The group's net profit (RNPG) is expected to reach 237 million dirhams, marking a 21% rise.
Post-operation, the free float is projected to reach 15.5%. Valuation multiples indicate a price-to-earnings (P/E) ratio of 19x in 2025 and 16.5x in 2026, with an estimated dividend yield of 4.5%.
The subscription period will run from November 19 to November 25, inclusive, with the first listing scheduled for December 8. The placement syndicate includes all the usual market operators. Further developments will follow.
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