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Thursday, December 7, 2023

Investment: Closing of a bond issue of 80 MDH by the ODM Group

Le Groupe Oncologie et Diagnostic du Maroc (ODM)  have  announced the successful closing of the issue of a private bond loan fully subscribed and reserved for institutional investors under Moroccan law, up to 80 million dirhams (MDH), this 1st August 2022. A first in the health sector.

The ODM Group thus becomes the first player in the private health sector in Morocco to obtain the agreement of the Moroccan Capital Market Authority (AMMC) and succeed in such a placement with the Moroccan institutional financial community. This reflects its confidence in the fundamentals of the Group and in the quality of its governance.

“This bond issue is a confirmation of the commitment of the ODM teams who have built a solid and recognized institution. ODM has always been at the forefront of structuring the private health sector by being the first health group to attract foreign capital and the first group to comply with international auditing standards. So this new step is in line with our structured and rigorous development policy,” said Mohamed Elmandjra, Chairman and CEO of the Group.

In order to support the dynamics of health reforms in the Kingdom, this operation will allow the ODM group to have additional means of financing for its expansion program. The group, which was supported by CFG Bank in this operation, would like to thank all the institutional investors for their trust and the interest they have shown in its securities.

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