Press release from the Competition Council regarding the economic concentration project concerning the acquisition of exclusive control of the company “JAIDA SA” by the Caisse de Dépôt et de Gestion

In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 adopted 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, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed transaction.

The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 adopted for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented.

Names of the companies and groups concerned:

• The acquirer: the Caisse de Dépôt et de Gestion.
• The target: the company “JAIDA SA”.

Nature of the transaction

• Acquisition of exclusive control.

Economic sectors concerned:

• Microfinance institutions financing sector.

Deadline for interested third parties to submit their observations:

• 10 days from the date of publication of this press release, i.e. September 9, 2026.

NON-CONFIDENTIAL SUMMARY OF THE TRANSACTION PROVIDED BY THE PARTIES

The Competition Council has received notification of an economic concentration transaction concerning the acquisition of exclusive control, by the Caisse de Dépôt et de Gestion, of the company JAIDA SA, through the acquisition of 18.3% of its share capital and related voting rights.

The Caisse de Dépôt et de Gestion is a Moroccan public institution created by Dahir No. 1-59-074 of February 10, 1959, with its head office at Immeuble Dalil Place Moulay El Hassan, BP 408, Rabat, Morocco. It specializes in securing and preserving regulated savings and retirement funds, and directing these funds towards the economic and social development of Morocco.

JAIDA SA is a Moroccan joint-stock company with a board of directors, with its head office at Immeuble Dalil Place Moulay El Hassan, BP 408, Rabat, Morocco, registered with the Rabat Trade Register under number 67 529. It specializes in financing microfinance institutions in Morocco.

 

Done in Rabat on August 28, 2026