DOCSLIB.ORG

Printmgr File

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

Maroc Telecom 113,900,183 Ordinary Shares This is an initial offering of the ordinary shares of Maroc Telecom, a Moroccan société anonyme. This international offering of ordinary shares to institutional investors is part of the global offering by the Kingdom of Morocco of 113,900,183 ordinary shares of Maroc Telecom, representing 13.0% of the capital stock in Maroc Telecom. The global offering also includes a public offering in Morocco of 74,729,050 ordinary shares, including to retail investors. The Moroccan public offering also includes an offering by the Kingdom of Morocco of 4,256,822 ordinary shares to certain current and former employees of Maroc Telecom. Maroc Telecom will not receive any of the proceeds from the ordinary shares sold by the Kingdom of Morocco. There is currently no market for the ordinary shares. The ordinary shares have been approved for listing on the Casablanca Stock Exchange and on the Premier Marché of Euronext Paris S.A. Investing in our ordinary shares involves risks. See “Risk factors” beginning on page 9. Offering Price MAD 68.25 (€6.16) per ordinary share The offering price in euro has been determined using the dirham / euro exchange rate published by Bank Al Maghrib on December 10, 2004 (MAD 11.0848 per 1 euro). The Kingdom of Morocco has granted the stabilisation manager for the Joint Global Coordinators an option to purchase up to 17,085,023 additional ordinary shares at the initial offering price for purposes of covering short positions arising from stabilization transactions, including any over-allotments of ordinary shares in the global offering. The ordinary shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and are being offered only (i) in the United States to qualified institutional buyers under Rule 144A under the Securities Act and (ii) outside the United States in compliance with Regulation S under the Securities Act. Prospective purchasers are hereby notified that sellers of the ordinary shares may be relying on the exemption from the provisions of Section 5 of the Securities Act provided by Rule 144A. For a description of certain restrictions on resale or transfer of the ordinary shares in certain countries, see “Transfer restrictions” beginning on page 150. The ordinary shares are expected to be delivered to purchasers on or about December 16, 2004 through the facilities of Maroclear and Euroclear France S.A. Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers BNP PARIBAS Merrill Lynch International Attijari Finances Offering Memorandum dated December 10, 2004 TABLE OF CONTENTS Summary of the Offering Memorandum ................................................................... 4 The Global Offering ....................................................................................... 6 Summary Financial Data .................................................................................. 8 Risk Factors ............................................................................................... 9 Dividends and Dividend Policy ............................................................................ 15 Capitalization ............................................................................................. 16 Management’s Discussion and Analysis of Financial Condition and Results of Operations ................. 17 Business .................................................................................................. 46 Outlook and Recent Developments ........................................................................ 85 Regulation ................................................................................................ 90 Management .............................................................................................. 99 Related-Party Transactions ................................................................................ 110 Description of Shares and Corporate Structure ............................................................. 111 Principal and Selling Shareholders ......................................................................... 130 Kingdom of Morocco ..................................................................................... 138 Taxation .................................................................................................. 142 Plan of Distribution ....................................................................................... 148 Transfer Restrictions ...................................................................................... 150 Legal Matters ............................................................................................. 153 Independent Auditors ..................................................................................... 153 Limitation of Enforcement of Civil Liabilities ............................................................. 153 Index to Financial Information ............................................................................ F-1 [THIS PAGE INTENTIONALLY LEFT BLANK] IMPORTANT INFORMATION ABOUT THIS OFFERING MEMORANDUM This offering memorandum has been prepared by Maroc Telecom solely for use in connection with the proposed offering of the ordinary shares described in this offering memorandum. This offering memorandum is personal to each offeree and does not constitute an offer to any other person or to the public generally to subscribe for or otherwise acquire the shares. Distribution of this offering memorandum to any person other than the prospective investor and any person retained to advise such prospective investor with respect to its purchase is unauthorized, and any disclosure of any of its contents, without the prior consent of Maroc Telecom, is prohibited. Each prospective investor, by accepting delivery of this offering memorandum, agrees to the foregoing and agrees to make no photocopies of this offering memorandum or any documents referred to in this offering memorandum. Notwithstanding anything in this offering memorandum to the contrary, each prospective investor (and each employee, representative or other agent of the prospective investor) may disclose to any and all persons, without limitation of any kind, the U.S. tax treatment and U.S. tax structure of any offering and all materials of any kind (including opinions or other tax analyses) that are provided to the prospective investor relating to such U.S. tax treatment and U.S. tax structure, other than any information for which non-disclosure is reasonably necessary in order to comply with applicable securities laws. The Joint Global Coordinators make no representation or warranty, express or implied, as to the accuracy or completeness of the information contained in this offering memorandum. Nothing contained in this offering memorandum is, or shall be relied upon as, a promise or representation by the Joint Global Coordinators as to past or future events. The distribution of this offering memorandum and the offering and sale of the shares in certain jurisdictions may be restricted by law. Maroc Telecom and the Joint Global Coordinators require persons into whose possession this offering memorandum comes to inform themselves about and to observe any such restrictions. For a description of certain restrictions on the offering and sale of the shares, see “Transfer restrictions”. This offering memorandum does not constitute an offer of, or an invitation to purchase, any of the ordinary shares in any jurisdiction in which such offer or invitation would be unlawful. In making an investment decision, prospective investors must rely on their own examination of Maroc Telecom and the terms of the offering, including the merits and risks involved. Prospective investors should not construe any information in this offering memorandum as legal, business or tax advice. Each prospective investor should consult its own advisors as needed to make its investment decision and to determine whether it is legally permitted to purchase the shares under applicable legal investment or similar laws or regulations. You should rely only on the information contained in this offering memorandum. Maroc Telecom has not, and the initial purchasers have not, authorized any person to provide you with additional or different information except as contemplated in the preceding paragraph. If anyone provides you with additional, different of inconsistent information, you should not rely on it. You should not assume that the information contained in this offering memorandum is accurate as of any date other than the date on the front cover of this offering memorandum. In connection with the global offering, Merrill Lynch International (or persons acting on its behalf) may over-allot ordinary shares (up to the maximum amount permitted by Commission Regulation (EC) No. 2273/2003 implementing Directive 2003/6/EC of the European Parliament and the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments) or effect transactions with a view to supporting the price of the ordinary shares at a level higher than that which might otherwise prevail. However, there is no assurance that Merrill Lynch International, acting as stabilisation manager (or persons acting on its behalf), will undertake any stabilisation action. Any stabilisation action may begin at any time after the commencement of trading in the ordinary shares on Euronext Paris S.A. and, if begun, may be ended at any time, but it must
Recommended publications
  • Casablanca Le, 14 Mai 2010 AVIS N°45/10 RELATIF a L'offre

    Casablanca Le, 14 Mai 2010 AVIS N°45/10 RELATIF a L'offre

    Casablanca le, 14 mai 2010 AVIS N°45/10 RELATIF A L’OFFRE PUBLIQUE DE RETRAIT EN VUE DE LA RADIATION DE LA SNI A L’INITIATIVE DE COPROPAR, LAFARGE ET DU GROUP INVEST Avis d’approbation de la Bourse de Casablanca n°05/10 du 12 Mai 2010 Visa du CDVM n° VI/EM/010/2010 du 13 Mai 2010 Vu le dahir portant loi n°1-93-211du 21 septembre 1993 modifié et complété par les lois n°34-96, 29- 00, 52-01 et 45-06 relatif à la Bourse des Valeurs, et notamment son article 7 bis, Vu les dispositions de la loi 26/03 relative aux offres publiques sur le marché boursier telle que modifiée et complétée par la loi n° 46-06 et notamment ses articles 6, 20 bis, 21 et 25. Vu les dispositions du Règlement Général de la Bourse des Valeurs, approuvé par l’arrêté du Ministre de l'économie des Finances n°1268-08 du 7 juillet 2008 et notamment ses articles 2.1.1 et 2.2.4. ARTICLE 1 : OBJET DE L’OPERATION Cadre de l’opération - Contexte de l’opération L’offre publique sur les titres de SNI s’inscrit dans le cadre de la réorganisation de l’ensemble SNI/ONA approuvée par les conseils d’administration de SNI et ONA réunis le 25 mars 2010. Cette réorganisation vise la création d’un holding d’investissement unique non coté et ce, à travers le retrait de la cote des deux entités SNI et ONA, suivi de leur fusion.
  • An N U Al R Ep O R T 2018 Annual Report

    An N U Al R Ep O R T 2018 Annual Report

    ANNUAL REPORT 2018 ANNUAL REPORT The Annual Report in English is a translation of the French Document de référence provided for information purposes. This translation is qualified in its entirety by reference to the Document de référence. The Annual Report is available on the Company’s website www.vivendi.com II –— VIVENDI –— ANNUAL REPORT 2018 –— –— VIVENDI –— ANNUAL REPORT 2018 –— 01 Content QUESTIONS FOR YANNICK BOLLORÉ AND ARNAUD DE PUYFONTAINE 02 PROFILE OF THE GROUP — STRATEGY AND VALUE CREATION — BUSINESSES, FINANCIAL COMMUNICATION, TAX POLICY AND REGULATORY ENVIRONMENT — NON-FINANCIAL PERFORMANCE 04 1. Profile of the Group 06 1 2. Strategy and Value Creation 12 3. Businesses – Financial Communication – Tax Policy and Regulatory Environment 24 4. Non-financial Performance 48 RISK FACTORS — INTERNAL CONTROL AND RISK MANAGEMENT — COMPLIANCE POLICY 96 1. Risk Factors 98 2. Internal Control and Risk Management 102 2 3. Compliance Policy 108 CORPORATE GOVERNANCE OF VIVENDI — COMPENSATION OF CORPORATE OFFICERS OF VIVENDI — GENERAL INFORMATION ABOUT THE COMPANY 112 1. Corporate Governance of Vivendi 114 2. Compensation of Corporate Officers of Vivendi 150 3 3. General Information about the Company 184 FINANCIAL REPORT — STATUTORY AUDITORS’ REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS — CONSOLIDATED FINANCIAL STATEMENTS — STATUTORY AUDITORS’ REPORT ON THE FINANCIAL STATEMENTS — STATUTORY FINANCIAL STATEMENTS 196 Key Consolidated Financial Data for the last five years 198 4 I – 2018 Financial Report 199 II – Appendix to the Financial Report 222 III – Audited Consolidated Financial Statements for the year ended December 31, 2018 223 IV – 2018 Statutory Financial Statements 319 RECENT EVENTS — OUTLOOK 358 1. Recent Events 360 5 2. Outlook 361 RESPONSIBILITY FOR AUDITING THE FINANCIAL STATEMENTS 362 1.
  • L'ambitiond'andre Azoulay Sanbar, Le Responsable De

    L'ambitiond'andre Azoulay Sanbar, Le Responsable De

    Quand leMaroc sera islamiste Lacorruption, unsport national L'ambitiond'Andre Azoulay I'Equipement et wali de Marrakech, qui sera nomme en 200S wali de Tanger; le polytechnicien Driss Benhima, fils Durant les deux dernieres annees du regne d'Hassan II, d'un ancien Premier ministre et ministre de I'Interieur ; un vent reformateur va souffler pendant quelques mois au Mourad Cherif, qui fut plusieurs fois ministre et dirigea Maroc. Un des principaux artisans de cette volonte de tour atour l'Omnium nord-africain puis l'Office cherifien changement aura ete Andre Azoulay, le premier juif maro­ des phosphates - les deux neurons economiques du cain aetre nomme conseiller de SaMajeste par dahir (decret royaume -, avant d'etre nomme en mars 2006 ala tete de royal). Le parcours militant de ce Franco-Marocain, un la filiale de BNPParibas au Maroc, la BMCI ; et enfin Hassan ancien de Paribas et d'Eurocom, temoigne d'un incontes­ Abouyoub, plusieurs fois ministre et ancien ambassadeur. table esprit d'ouverture. Artisan constant d'un rapproche­ Ainsi Andre Azoulay pretendait, avec une telle garde ment [udeo-arabe, il cree en 1973 l'association Identite et rapprochee, aider le roi Hassan II dans ses velleites Dialogue alors qu'il reside encore en France. Aidepar Albert reformatrices. Sasson, un ancien doyen de la faculte de Rabat fort res­ Seulement, l'essai n'a pas ete transforme. Dans un pre­ pecte, Andre Azoulay organise de multiples rencontres mier temps, l'incontestable ouverture politique du entre juifs et Arabes.Sesliens d'amitie avec Issam Sartaoui, royaume, qui a vu Hassan II nommer ala tete du gouverne­ Ie responsable de l'OLP assassine en 1983, ou avec Elias ment le leader socialiste de l'USFP, s'est accompagnee d'un Sanbar, le responsable de la Revue d'etudes palestiniennes, processus d'assainissement economique.
  • J Lo's Performance in Rabat Provokes Furore

    J Lo's Performance in Rabat Provokes Furore

    22 June 12, 2015 Culture J Lo’s performance in Rabat provokes furore Saad Guerraoui said Aftati. Another PJD member, Khalid Rahmouni, expressed dis- gust at what he watched on 2M and Rabat called on Khalfi, as the one respon- sible for media policy, to resign. sexually charged per- However, PJD MP Abdeslam Bal- formance by pop diva laji told The Arab Weekly that Khalfi Jennifer Lopez at the does not have authority over public Mawazine music festival TV channels. in Rabat prompted mem- “It is the responsibility of the bersA of the ruling Islamist Justice High Authority of Audiovisual and Development Party (PJD) to call Communication (HACA) to investi- for the resignation of Communica- gate the matter following the min- tions Minister Mustapha el-Khalfi. ister’s request,” said Ballaji who Lopez, 45 and a popular Ameri- was the first MP from PJD’s parlia- can performer, opened the 14th mentary team to ask Khalfi for an Mawazine festival on May 30th, explanation for the concert. performing a nearly two-hour In a message posted on his Fa- long concert for a record crowd of cebook page, Khalfi, who is also 160,000 while millions watched on the government spokesman, an- state-owned television channel 2M. nounced that HACA and the ethics The glamorous New York-born committee of 2M would be inves- singer showcased scanty costumes tigated. Ballaji stressed that broad- and provocative poses as she casting the US singer’s suggestive donned seven different outfits, -in dance routine on a public TV chan- cluding a white leotard, during her nel was against Morocco’s constitu- performance, which was slammed tion, values and media ethics.
  • CONSEIL D'administration DU 17 Mars 2021

    CONSEIL D'administration DU 17 Mars 2021

    CONSEIL D’ADMINISTRATION DU 17 Mars 2021 RAPPORT DU CONSEIL D’ADMINISTRATION SUR LES OPERATIONS DE L’EXERCICE 2020 A L’ASSEMBLEE GENERALE ORDINAIRE ANNUELLE Messieurs les Actionnaires, Nous vous avons réuni en Assemblée Générale Ordinaire Annuelle, conformément à la loi et à l’article 22 des statuts, pour entendre le rapport du Conseil d’Administration et celui des Commissaires aux Comptes sur l’exercice clos le 31 décembre 2020. Avant d’analyser l’activité de la Compagnie, nous voudrions vous rappeler brièvement l’environnement économique international et national dans lequel elle a évolué ainsi que le contexte du secteur des assurances. CONTEXTE A l’international Dans un contexte de crise inédit, l’économie mondiale a connu une sévère récession en 2020 (- 3,7% selon la Banque Mondiale), frappée de plein fouet par la pandémie du COVID-19. Confrontée à une grave crise sanitaire (plus de 28,6 millions de cas au 28/02/2021), l’économie américaine a perdu 3,6% en 2020, la pire récession depuis 1946, affectée par les effets de la pandémie. Après une forte remontée du PIB au 3ème trimestre 2020 (+33,1% en glissement annuel), la reprise s’est affaiblie au 4ème trimestre 2020 suite à la résurgence des infections au Coronavirus et la mise en place de nouvelles restrictions locales. Pour sa part, la croissance en Zone Euro accuse un repli historique de 6,8% en 2020 en raison de l’aggravation de la situation sanitaire et la multiplication des mesures de confinement dans la plupart des grandes économies de la Zone. Le recul le plus marqué est en Espagne (-11%) contre -8,8% pour l’Italie, -8,3% pour la France et -5% pour l’Allemagne.
  • Expat Guide to Casablanca

    Expat Guide to Casablanca

    EXPAT GUIDE TO CASABLANCA SEPTEMBER 2020 SUMMARY INTRODUCTION TO THE KINGDOM OF MOROCCO 7 ENTRY, STAY AND RESIDENCE IN MOROCCO 13 LIVING IN CASABLANCA 19 CASABLANCA NEIGHBOURHOODS 20 RENTING YOUR PLACE 24 GENERAL SERVICES 25 PUBLIC TRANSPORTATION 26 STUDYING IN CASABLANCA 28 EXPAT COMMUNITIES 30 GROCERIES AND FOOD SUPPLIES 31 SHOPPING IN CASABLANCA 32 LEISURE AND WELL-BEING 34 AMUSEMENT PARKS 36 SPORT IN CASABLANCA 37 BEAUTY SALONS AND SPA 38 NIGHT LIFE, RESTAURANTS AND CAFÉS 39 ART, CINEMAS AND THATERS 40 MEDICAL TREATMENT 45 GENERAL MEDICAL NEEDS 46 MEDICAL EMERGENCY 46 PHARMACIES 46 DRIVING IN CASABLANCA 48 DRIVING LICENSE 48 CAR YOU BROUGHT FROM ABROAD 50 DRIVING LAW HIGHLIGHTS 51 CASABLANCA FINANCE CITY 53 WORKING IN CASABLANCA 59 LOCAL BANK ACCOUNTS 65 MOVING TO/WITHIN CASABLANCA 69 TRAVEL WITHIN MOROCCO 75 6 7 INTRODUCTION TO THE KINGDOM OF MOROCCO INTRODUCTION TO THE KINGDOM OF MOROCCO TO INTRODUCTION 8 9 THE KINGDOM MOROCCO Morocco is one of the oldest states in the world, dating back to the 8th RELIGION AND LANGUAGE century; The Arabs called Morocco Al-Maghreb because of its location in the Islam is the religion of the State with more than far west of the Arab world, in Africa; Al-Maghreb Al-Akssa means the Farthest 99% being Muslims. There are also Christian and west. Jewish minorities who are well integrated. Under The word “Morocco” derives from the Berber “Amerruk/Amurakuc” which is its constitution, Morocco guarantees freedom of the original name of “Marrakech”. Amerruk or Amurakuc means the land of relegion. God or sacred land in Berber.
  • 2016 Retail Foods Morocco

    2016 Retail Foods Morocco

    THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: 12/30/2016 GAIN Report Number: MO1621 Morocco Retail Foods 2016 Approved By: Morgan Haas Agricultural Attaché Prepared By: Mohamed Fardaoussi, Agricultural Specialist Report Highlights: This report provides U.S. exporters of consumer-ready food products with an overview of the Moroccan retail foods sector. Best product prospects are included in this report. Best prospects for U.S. products are dried fruits and nuts (pistachios, walnuts, non-pitted prunes, raisins, and almonds), dairy (milk powder, whey, cheese, butter), confectionary items and frozen seafood. In 2015, U.S. exports of consumer-oriented product to Morocco were valued at $24 million. Table of Contents SECTION I. MARKET SUMMARY ........................................................................................................ 4 Major Categories of Supermarkets ..................................................................................................... 4 Trends in Distribution Channels ......................................................................................................... 4 Trends in Services Offered by Retailers ............................................................................................. 6 SECTION II: ROAD MAP FOR MARKET ENTRY ............................................................................... 8 A1. Large Retail and Wholesale
  • UNE RETROSPECTIVE 2014-A.Indd

    UNE RETROSPECTIVE 2014-A.Indd

    Système de Management de la Qualité certifié ISO 9001 version 2008 par BUREAU VERITAS MAROC LE PREMIER QUOTIDIEN ECONOMIQUE DU MAROC Année marathon II RétRospective L’année où la diplomatie • Tournées royales d’envergure construite avec un montant de 330 mil- lions de DH. Les champs de partenariats ont également compris d’autres secteurs • Le capital immatériel fait son comme les finances, les énergies renou- velables, les infrastructures, le transport, entrée dans l’évaluation de la l’agroalimentaire, les mines, l’habitat… richesse du pays L’impact de cette tournée a été retentis- sant en termes de perception du Maroc dans le continent. En peu de temps, le • Appel à une rupture avec les Souverain a construit une image charis- matique en Afrique. La dynamique de la privilèges et l’économie de rente diplomatie royale a permis un plus grand au Sahara rapprochement avec certains Etats du Sahel, comme le Mali, qui n’étaient pas considérés traditionnellement comme des 2014 est décidément l’année bastions acquis au Maroc. Aujourd’hui, de la consécration de l’orientation afri- le renforcement du partenariat avec ces caine du Maroc. La tournée royale dans Etats se base sur une logique de com- la région, durant les premiers mois de plémentarité. Ces Etats ont demandé de cette année, a montré l’engagement du profiter de l’expertise marocaine dans Royaume en faveur du développement de plusieurs domaines, notamment dans la la coopération Sud-Sud. Le pays ne s’est promotion des ressources humaines, mais pas contenté des beaux discours, mais surtout dans l’encadrement religieux.
  • Sustainability Index 2006/2007

    Sustainability Index 2006/2007

    MEDIA SUSTAINABILITY INDEX 2006/2007 The Development of Sustainable Independent Media in the Middle East and North Africa MEDIA SUSTAINABILITY INDEX 2006/2007 The Development of Sustainable Independent Media in the Middle East and North Africa www.irex.org/msi Copyright © 2008 by IREX IREX 2121 K Street, NW, Suite 700 Washington, DC 20037 E-mail: [email protected] Phone: (202) 628-8188 Fax: (202) 628-8189 www.irex.org Project manager: Leon Morse IREX Project and Editorial Support: Blake Saville, Mark Whitehouse, Christine Prince Copyeditors: Carolyn Feola de Rugamas, Carolyn.Ink; Kelly Kramer, WORDtoWORD Editorial Services Design and layout: OmniStudio Printer: Kirby Lithographic Company, Inc. Notice of Rights: Permission is granted to display, copy, and distribute the MSI in whole or in part, provided that: (a) the materials are used with the acknowledgement “The Media Sustainability Index (MSI) is a product of IREX with funding from USAID and the US State Department’s Middle East Partnership Initiative, and the Iraq study was produced with the support and funding of UNESCO.”; (b) the MSI is used solely for personal, noncommercial, or informational use; and (c) no modifications of the MSI are made. Acknowledgment: This publication was made possible through support provided by the United States Department of State’s Middle East Partnership Initiative (MEPI), and the United States Agency for International Development (USAID) under Cooperative Agreement No. #DFD-A-00-05-00243 (MSI-MENA) via a Task Order by the Academy for Educational Development. Additional support for the Iraq study was provided by UNESCO. Disclaimer: The opinions expressed herein are those of the panelists and other project researchers and do not necessarily reflect the views of USAID, MEPI, UNESCO, or IREX.
  • RAPPORT-ANNUEL-ONCF-2016.Pdf

    RAPPORT-ANNUEL-ONCF-2016.Pdf

    RAPPORT ANNUEL 2016 SA MAJESTÉ LE ROI MOHAMMED VI, QUE DIEU L’ASSISTE Sommaire 06 08 10 20 28 36 50 INTERVIEW COMITÉ DE L’ONCF EN LE TRANSPORT LE FRET ET DES GRANDS PROJETS LA SÉCURITÉ DU DIRECTEUR DIRECTION UN CLIN D’ŒIL DES PASSAGERS LA LOGISTIQUE D’INVESTISSEMENTS ET LA SÛRETÉ GÉNÉRAL Priorité au confort client Au plus près des enjeux Pour un réseau robuste Deux priorités absolues et à la qualité de service sectoriels des entreprises et moderne 58 64 72 80 88 94 LE CAPITAL HUMAIN LA GOUVERNANCE DÉVELOPPEMENT DURABLE UNE COMMUNICATION LA COOPÉRATION SITUATION FINANCIÈRE Un engagement Un système en amélioration Tous contre le réchauffement Innovante et durable FERROVIAIRE À L’INTERNATIONAL Performances globales permanent et des continue climatique Amplification du partenariat Sud‑Sud compétences Quid du projet de la ligne à grande vitesse Si vous ne deviez retenir qu’une seule Tanger‑Casablanca ? chose de l’année 2016 ? Grâce à une forte mobilisation, soutenue par les différentes Les initiatives menées sont certes multiples et ne peuvent parties prenantes, et à un système de gouvernance que nous conforter dans nos choix stratégiques. Mais approprié, ce méga projet est aujourd’hui en phase de si je dois me contenter de citer les événements phares préparation de l’exploitation. Ce projet, dont le coup ayant caractérisé cette année, je citerai le lancement d’envoi officiel des travaux a été donné par Sa Majesté par Sa Majesté Le Roi Mohammed VI, Que Dieu L’Assiste, Le Roi Mohammed VI, Que Dieu L’Assiste, a franchi des du projet de construction de la gare LGV de Rabat paliers importants dans sa réalisation, enregistrant à fin Agdal et notre participation à la COP 22 notamment Interview du 2016 un taux d’avancement global de 86 %.
  • Morocco: Freedom on the Net 2017

    Morocco: Freedom on the Net 2017

    FREEDOM ON THE NET 2017 Morocco 2016 2017 Population: 35.3 million Partly Partly Internet Freedom Status Internet Penetration 2016 (ITU): 58.3 percent Free Free Social Media/ICT Apps Blocked: Yes Obstacles to Access (0-25) 12 11 Political/Social Content Blocked: No Limits on Content (0-35) 9 10 Bloggers/ICT Users Arrested: Yes Violations of User Rights (0-40) 23 24 TOTAL* (0-100) 44 45 Press Freedom 2017 Status: Not Free * 0=most free, 100=least free Key Developments: June 2016 – May 2017 • The telecommunications regulator ordered ISPs to lift restrictions on VoIP services imposed last year (see Restrictions on Connectivity). • Provisions in the new press code passed in June 2016 removed jail sentences for journalistic crimes, except in cases when journalists fail to pay fines, which remai steep. The code also mandates the registration of online journalists in a move that may further stifle free reporting (se Legal Environment). • Digital activism surrounding the death of a fish salesman in the coastal city of al Hoceima led to a national protest movement against social and economic conditions (see Digital Activism). • Hamid al-Mahdaoui, editor-in-chief of the news site Badil, received a suspended sentence for investigative reporting and was later arrested and imprisoned for covering the protests (see Prosecutions and Detentions for Online Activities). • Five prominent activists and online journalists face up to five years in prison fo “threatening the security of the state,” while two additional journalists could be fine for receiving foreign funding without permission. All seven individuals are implicated in a troubling court case that has been repeatedly postponed (see Prosecutions and Detentions for Online Activities).
  • 2014 Annual Report

    2014 Annual Report

    2014 ANNUAL REPORT 0 1 9 4 - 2 0 1 years 4 2014 ANNUAL REPORT 0 1 9 4 - 2 0 1 years 4 This is a particularly important year for Attijariwafa bank as we complete our one hundred and tenth year. We are therefore celebrating more than a century of providing banking and banking- related activities in the interests of our country’s economic and industrial development and the well- being of our fellow citizens. M. Mohamed El Kettani Président Directeur Général Chairman and CEO’S Message ANNUAL REPORT ATTIJARIWAFA BANK 2014 Our Group’s history is inextricably intertwined with With the legacy of two century-old banks, that of the Kingdom of Morocco. Not only does that Attijariwafa bank has constantly sought to diversify make us proud, it constantly inspires us to scale even its business lines to provide its corporate customers greater heights. Attijariwafa bank’s history began when with the most sophisticated payment methods two French banks, Compagnie Algérienne de Crédit and financing products to satisfy their constantly et de Banque (CACB) and Banque Transatlantique, evolving requirements. Our Group is also committed to opened branches in Tangier in 1904 and 1911 meeting the needs of all our fellow citizens, whatever respectively. their socio-economic background. For this reason, In the aftermath of the independence, Banque Attijariwafa bank was the first bank to make the Transatlantique became Banque Commerciale financial inclusion of low-income households one du Maroc (BCM) and, in 1987, emerged as the of its strategic priorities. Attijariwafa bank is proud of Kingdom’s leading private sector bank.