Middle East Economic Survey
VOL. XLVIII
No 27
4-July-2005
MOROCCO
Afriquia Gaz To Triple Its Capital
Akwa Group subsidiary Afriquia Gaz is about to increase its capital by MD1bn ($111mn), the firm announced on 16 June. The increase, of which Akwa Group will provide MD700mn ($77.3mn), will triple the companys capital which stood at MD505.5mn ($55.3mn) end-2004. It will be used to finance 75% of the companys acquisition of the Oismine Group while the remaining 25% will be backed by debt. Afriquia Gaz...
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