CIH Bank Successfully Completes Capital Increase of 1.5 Billion Dirhams

The Board of Directors, meeting on July 31, 2025, confirmed the successful completion of the capital increase operation. The subscription period, which ran from July 4 to July 23, 2025, allowed shareholders and holders of subscription rights to subscribe to new shares in accordance with the terms outlined in the prospectus approved by the Moroccan Capital Market Authority (AMMC) on June 20, 2025, under reference VI/EM/024/2025. At the conclusion of the operation, shareholders and subscription rights holders demonstrated strong participation, with over 16.1 million shares subscribed, resulting in a subscription rate of 3.9 times and a total amount raised of 5.756 billion dirhams. The irreducible subscription accounted for 97.7% of the operation, corresponding to 4,013,919 shares for an amount of 1.437 billion dirhams. Notably, 83% of these irreducible subscriptions were made through the acquisition of preferential subscription rights, highlighting investors' commitment to securing their allocations. The reducible subscription, representing 2.3% of the operation (or 33.8 million dirhams), saw remarkable interest, with demand reaching 4.319 billion dirhams, resulting in a subscription rate of 127 times. Following this increase, CIH BANK's share capital now stands at 3,560,562,400 dirhams.