Morocco’s Caisse de Dépôt et de Gestion (CDG) has reduced its direct shareholding in CIH Bank after selling 1,815,738 shares in a block market transaction, bringing its direct ownership below the regulatory 5% disclosure threshold.
According to the Moroccan Capital Market Authority (AMMC), the transaction was completed on July 14, 2026, at a price of MAD 354 per share.
Following the sale, CDG no longer holds any shares directly in CIH Bank. However, the public investment institution remains the bank’s majority shareholder through its subsidiary Massira Capital Management, which owns 19,636,157 shares, representing 55.15% of the bank’s share capital.
The transaction reshapes CDG’s ownership structure without affecting its overall control of CIH Bank. Through its subsidiary, the group continues to hold a majority interest and remains the bank’s reference shareholder.
The AMMC also noted that CDG does not intend to carry out additional sales of CIH Bank shares during the next six months. In addition, the institution confirmed that it will continue to be represented on CIH Bank’s Board of Directors, ensuring continuity in the bank’s governance despite the change in its direct shareholding.
