The Moroccan Capital Market Authority (AMMC) and the National Agency for Strategic Management of State Participations and Monitoring of Public Establishments and Enterprises (Angspe) signed, today in Rabat, a memorandum of understanding aimed at promoting the access of public establishments and companies (EEP) to the capital market, within the framework of the implementation of the shareholder policy (PAE).
This memorandum of understanding, signed by Ms. Nezha Hayat, President of the AMMC, and Mr. Abdellatif Zaghnoun, director general of Angspe, at the headquarters of Angspe, testifies to the common will of the two institutions to promote a more dynamic, transparent and effective financial ecosystem, by capitalizing on the complementarity of the respective missions of the two parties.
A strategic lever to finance EEP investments
The capital market represents a source of strategic financing, still insufficiently exploited by EEPs, even though it offers a diversity of innovative tools likely to meet their investment, restructuring or financial optimization needs. The agreement signed between Angspe and the AMMC thus formalizes sustained cooperation, aimed at improving EEP access to these instruments while ensuring rigorous supervision and reinforced governance.
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Through this protocol, the two institutions intend in particular to coordinate their efforts to identify the levers facilitating the recourse of EEPs to the capital market, supporting companies in the structuring of adapted financing (such as OPCIs, securitization or green and sustainable obligations) and optimize the procedures for authorization for strategic financial operations involving the EEP relating to the perimeter of the Angspe. The protocol also emphasizes the strengthening of financial transparency, the governance of public establishments and companies and the awareness of the actors concerned.
An action -oriented partnership and impact
In addition to optimizing procedures and supporting EEP, the protocol provides for the establishment of a technical committee responsible for supervising the implementation of this partnership, monitoring specific projects and assessing the impact of joint market initiatives and EEP’s performance.
Training and awareness actions are also planned, for the benefit of executives and employees of EEP and Angspe, around themes such as financing instruments, financial governance practices and innovative mechanisms.
This strategic partnership between AMMC and ANGSPE thus aims to energize the recourse of EEP to the capital market reinforcing the latter’s contribution to the development and financing of the national economy.
