Mubasher: Morocco’s Minister of Finance Mohammed Boussaid has signed a memorandum of understanding (MoU) with the representatives of new partners - banks, insurance institutions, and CDG – to convert Casablanca Stock Exchange into a holding company.
The new entity is mainly aimed at facilitating the spot market and owning shares.
Boussaid said the move is the first step of a major plan aimed at reforming the bourse’s instruments through creating a new market.
