Statement from the Competition Council regarding the economic concentration project concerning the acquisition by the company “Naps SA” of the assets of the company “Centre Monétique Interbancaire SA”

In accordance with Article 13 of Law No. 104-12 on Freedom of Pricing and Competition and Article 10 of Decree No. 2-14-652 issued for its implementation, as amended and supplemented, the Competition Council makes available to the public the “summary of the transaction” below, containing the information provided by the parties.

This information has been prepared by the notifying parties, which are solely responsible for it. Any inaccurate or misleading information contained therein shall in no way prejudice the position of the Competition Council regarding the proposed transaction.

The publication of this press release does not certify the completeness of the file as provided for in Article 9 of Decree No. 2-14-652 issued for the implementation of Law No. 104-12 on Freedom of Pricing and Competition, as amended and supplemented.

Names of the Companies and Groups Concerned:

• The Acquirer: “Naps SA”;
• Target Assets: Merchant subscription agreements relating to the payment card acquiring activities of Centre Monétique Interbancaire SA (“CMI”) via Electronic Payment Terminals (“EPT”).

Nature of the Transaction

• Acquisition of assets.

Economic Sectors Concerned

• Card-based electronic payment market.

Deadline for Interested Third Parties to Submit Their Observations

• 10 days from the date of publication of this press release, i.e., December 22, 2025.

NON-CONFIDENTIAL SUMMARY OF THE TRANSACTION PROVIDED BY THE PARTIES

The Competition Council has received notification of a proposed economic concentration transaction concerning the acquisition by “Naps SA” of the assets of “Centre Monétique Interbancaire SA”, consisting of the free transfer of merchant subscription agreements relating to payment acquiring activities through Electronic Payment Terminals (EPT).

“Naps SA” is a public limited company incorporated under Moroccan law, with its registered office located at Technopole Aéropole Mohammed V, Nouaceur, Casablanca, and registered with the Casablanca Trade Register under number 130313. It operates in the card-based electronic payment market.

The target assets consist of contracts between merchants and “Centre Monétique Interbancaire SA”. The latter is a public limited company incorporated under Moroccan law, with its registered office located at 8, Avenue Moulay Rachid, Casablanca, and registered with the Casablanca Trade Register under number 107713. It operates in the field of electronic payment studies and services.

Done at Rabat, on December 11, 2025.