Thursday, May 10, 2007

Morocco's Stock Exchange May Sell Shares in 2009, Bourse Board Member Says

(Bloomberg) -- Morocco's Bourse de Casablanca, creator of the best performing stock index in the Arab world this year, may sell shares in the bourse in 2009 amid a spate of initial public offerings in the north-African kingdom.

``Before selling shares of the bourse, the 14 shareholders of the company must be ready to present the idea to the Finance Ministry in order to change the law,'' Omar Drissi Kaitouni, a board member of the stock exchange, said in an interview with Bloomberg News yesterday in his Casablanca office. ``Selling shares in the bourse is part of our strategic plan.''


Read more at Bloomberg Emerging Markets News

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