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Focus MOROCCO Issue dated 01/06/2020

Mohammed VI to recapitalise his Al Mada holding company with funds from farmers' mutual insurance group

Faced with the worst economic crisis of his reign, the king plans to refinance his private holding company Al Mada via a $500m bond issue. The main subscriber is likely to be mutual smallholders' insurance group MAMDA-MCMA, which has already got him out of difficulty on several occasions in the past. [...] (1248 words)
King Mohammed VI of Morocco.
King Mohammed VI of Morocco. ©Niviere David/ABACAPRESS.COM/Reuters
Faced with the worst economic crisis of his reign, the king plans to refinance his private holding company Al Mada via a $500m bond issue. The main subscriber is likely to be mutual smallholders' insurance group MAMDA-MCMA, which has already got him out of difficulty on several occasions in the past. [...] (1248 words)
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