Best Financier Cuts Its Stake in Visin to Below 30% After Block Sale
Best Financier has reduced its stake in Visin to 29.42% following the sale of approximately 547,813 shares in a block trade on July 16, 2025, at a price of 236 dirhams per share. This reduction comes after surpassing the legal threshold of 33.33%, as announced by the Moroccan Capital Market Authority (AMMC) in an official statement.
With this transaction, Best Financier now holds 3,018,699 shares in Visin and announced it will suspend any further sales for six months following this decrease, in compliance with regulations governing changes in ownership percentages.
This decision follows the successful listing of Visin on the Casablanca Stock Exchange, where it raised 500 million dirhams through a capital increase at a price of 236 dirhams per share, giving the company a market value of nearly 1.9 billion dirhams. Currently, around 20.7% of the capital is being traded, while the remaining stakes are distributed among Best Financier, Amethis Fund II, and several historical directors of the company.
Best Financier, which has been coordinating with businessman Adil Benani, stated that the recent sale is part of a strategic adjustment in the ownership structure, denying any intention to continue selling presently, while emphasizing its close monitoring of shareholder changes in the upcoming period.
The listing and capital increase are part of Visin’s strategy to finance new expansion projects, reflecting investors’ confidence in the company’s medium to long-term prospects. Best Financier aims to maintain its strategic position within the company while leaving room for maneuvering in managing its shares.
This development highlights the dynamism of the capital market in Morocco and how economic players are responding to transparency requirements and strategic adaptation to market changes.
