Ayrad Group's Strategic Acquisition of OSEAD Fund
In a significant development announced on April 21, 2026, Ayrad Group Limited has successfully completed the acquisition of 100% of the shares of OSEAD Fund, a move that enhances its stake in the CMT, where OSEAD Fund, through Moroccan company OMM, indirectly holds 37.04% of CMT's capital. This acquisition aligns with Ayrad's growth strategy and reflects its commitment to expanding its influence within the market.
In adherence to the agreed terms of the operation, Ayrad and CIMR are set to submit a request for authorization to the Competition Council, aiming to formalize their joint control over CMT. This step is crucial as it not only solidifies the relationship between these entities but also ensures compliance with regulatory frameworks, thereby paving the way for future collaborative efforts and operational synergies.
Resolution of Legal Matters and Financial Implications
Moreover, the company has successfully concluded transactional agreements with OMM and Shaba Metals LLC, resulting in a payment of USD 35 million and USD 12 million to CMT, respectively. This influx of capital is expected to bolster CMT’s financial standing and support its ongoing operations and strategic initiatives.
In a further positive turn of events, CMT has acknowledged the withdrawal submitted by the Administration of Customs and Indirect Taxes on behalf of the Office of Foreign Exchange. This withdrawal effectively terminates the legal proceedings initiated against the company in connection with a contentious case. The withdrawal holds significant financial implications for CMT and its shareholders, as it leads to the cancellation of a prior judgment amounting to 2,324,307,274.26 dirhams issued by the Casablanca Court of First Instance on November 4, 2025.
In light of these developments, CMT is committed to keeping its investors and stakeholders informed regarding any significant changes related to this operation, in accordance with prevailing regulatory requirements. This proactive approach not only demonstrates transparency but also reinforces the company’s dedication to maintaining open lines of communication with all parties involved.
As reported by boursenews.ma.
