Bank Assafa, a Moroccan participatory bank, is preparing a capital increase of 100 million dirhams (MDH), subject to approval at an extraordinary general meeting on July 20th. The increase, to be conducted via a virtual conference, will raise the bank’s social capital from 800 MDH to 900 MDH. This move is facilitated by several shareholders waiving their preferential subscription rights. The primary goal of the capital increase is to consolidate the bank’s own funds and bolster its financial position. This action signals a strategic effort by Bank Assafa to enhance its stability and capacity for future growth within the Moroccan financial sector. The decision was initially reported by Médias24, a leading Moroccan economic news source.