The general management of the pharmaceutical company Sothema (a Moroccan therapy company) has decided to make the company public in the Moroccan stock exchange by freeing up 15% of the capital of the company.
The announcement was made in a press conference on the stock market. The hope is that the initial public offering will enable the company to raise enough capital to become an international player. The company is particularly targeting the European market. The pharmaceutical industry is considered a growth area for the Moroccan economy.