Bank of Africa plans 5,122,834 shares: what it means for Bank of Africa stock

Published on 10/19/2026 at 02:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Rights worth MAD 51.23 million are set for October 22, 2026. Bank of Africa stock gets 5,122,834 new shares by October 29, 2026.

Capital timetable takes shape

Bank of Africa plans a MAD 51.23 million capital increase on October 17, 2026.
The operation covers 5,122,834 new shares and one right for every 43 existing shares.
Rights detach on October 22, 2026, before new shares are admitted on October 29, 2026.

BOA, MA0000012437, Illustration mit AI erstellt.

Bank of Africa (MA0000012437) plans a MAD 51.23 million capital increase through 5,122,834 free shares, according to Morocco World News on October 17, 2026. The operation converts reserves into equity rather than seeking new cash from shareholders.

What does the capital move change?

The transaction was approved at Bank of Africa's extraordinary general meeting on June 25, 2026, and gives shareholders one allocation right for every 43 existing shares. The new shares carry dividend rights retroactively from January 1, 2026, according to Morocco World News.

Three dates and three figures

On June 25, 2026, shareholders approved the MAD 51.23 million reserve conversion. On September 28, 2026, Bank of Africa reported first-half net income attributable to shareholders of MAD 2.5 billion, up 10 percent year over year, while consolidated net banking income rose 1 percent to MAD 10.5 billion, according to Financial Times. On October 17, 2026, the bank set out the 5,122,834-share allocation.

When do the next rights events occur?

The allocation rights detach on October 22, 2026, and the reference price will be adjusted on that date. The rights are scheduled to begin trading on October 27, 2026, while the new shares are due for delivery on October 28 and admission to the Casablanca listing on October 29, 2026, according to Morocco World News.

Profit growth meets operating pressure

The capital action follows a mixed first-half operating picture. Financial Times reported that customer loans reached MAD 243 billion at June 30, 2026, up 4 percent from December 2025, while the consolidated cost-to-income ratio rose to 44.2 percent from 41.5 percent a year earlier as operating expenses increased 8 percent. The figures frame the share allocation as a balance-sheet measure alongside continued lending growth.

Capital and listing context

Bank of Africa is listed on the Casablanca Stock Exchange and operates as a pan-African financial group spanning commercial banking, investment banking and specialized financial services. The immediate investor reference is the rights timetable, especially the October 22 adjustment and the October 29 admission of the new shares.