Morocco’s Nadia Fettah Rings Opening Bell at London Stock Exchange

This traditional ceremony was an opportunity for Nadia Fettah and the CEO of the London Stock Exchange, Julia Hoggett, to highlight the 10-year-old partnership between the Casablanca Stock Exchange and its London counterpart, as well as the favorable macroeconomic environment that Morocco enjoys, as a result of the reforms launched by His Majesty King Mohammed VI.

The Chairwoman of the Moroccan Capital Market Authority, Nezha Hayat told MAP at this occasion that the capital market today offers a wide range of solutions to meet the financing and investment needs of the various economic players.

“It is therefore perfectly capable of playing a decisive role in mobilizing the capital needed to support the various national development strategies”, Hayat said.

For his part, the Chairman of the Board of Directors of the Casablanca Stock Exchange, Kamal Mokdad, noted that the 2024 edition of the MCMD is a “great success”, emphasising its theme, which revolves around investment funds and the launch of the Mohammed VI Fund, as well as the fruitful bilateral meetings which were organised as part of this event.

“In concrete terms, 25 Moroccan companies, representing 16 business sectors, were able to hold more than 130 one-to-one sessions with around 40 London-based investors,” explained Mokdad.

This year’s event definitively underlines the importance of this now annual event, which brings together London financial operators and the Moroccan capital markets ecosystem to discuss the many opportunities that Morocco has to offer,” he added.

After the six editions organised since 2016 in the main international financial centres (London, New York and Dubai), the MCMD is now the must-attend event for the Casablanca Stock Exchange, the capital market, international investors and listed Moroccan companies.

The Minister of Economy and Finance, Nadia Fettah, rang the opening bell of the London Stock Exchange on Friday, as part of her participation in the seventh Morocco Capital Markets Days (MCMD).
10 mai 2024