Dislog IPO Wave: Morocco's Consumer Giant Goes Public

MOROCCO · MARKETS

Key Facts

—The plan: Moncef Belkhayat intends to list four or five companies from his H&S Invest Holding on the Casablanca Stock Exchange, starting with consumer goods flagship Dislog Group in the fourth quarter of 2026.

—The sequence: Dislog first, then its logistics arm, its medical devices business, the parent holding and potentially its retail arm.

—Why now: Private equity backers – Mediterrania Capital, SPF Capital, CDG Invest Growth, plus the IFC and EBRD – need an exit, and Belkhayat calls a listing the most suitable mechanism.