Rabat – The Casablanca Stock Exchange will offer funding for small and medium-sized projects in the Fes-Meknes region by putting their shares in the stock market.
Local organizers set up a meeting between the heads of more than 50 local companies and associates from the Casablanca Stock Exchange and the Moroccan Authority for Capital Markets.
The event came as part of the Stock Exchange’s national proximity campaign, which aims to put smaller projects and businesses around the country on the national stage to help with raising funds.
Funding is one of the fundamental obstacles facing small and medium-sized businesses in Morocco, according to Yassine Tazi, General Director of the Regional Investment Center for Fes-Meknes.
Funding is also one of the four pillars that decide whether a small business will succeed or not, he said, along with taxation, bureaucratic processes, and real estate.
Tazi stressed the importance of the funds for small businesses in the region and praised placing their stocks in the exchange as an important step for the heads of the companies.
Associates from the stock exchange offered the local businessmen an orientation on how the stock options can benefit their businesses.
Director of Operations in the Moroccan Authority for Capital Markets Nasser Sadiqi outlined the administrative requirements and processes to put stocks on the markets.
A press release by the Casablanca Stock Exchange says that the visit to Fes-Meknes was the second one in the Stock Exchange’s proximity campaign, after a previous visit to Tangier.
More regions are planned to benefit from the program to improve their small business environments and investment ecosystems.
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