The Annual General Meeting of the shareholders of the Moroccan Deposit Insurance Corporation - SGFG - was held on June 1st, 2021, via videoconference. After reviewing the activity of the corporation during 2020, the AGM approved all the resolutions of the Board of Directors.
The AGM also approved the corporation’s financial statements for the year 2020 as presented in the auditor's report as well as the proposal of the Board of Directors on the distribution of the profit.
In addition, the AGM unanimously authorized the board of directors to proceed to a capital increase by issuing new shares reserved to the participating banks under the terms and conditions stipulated by the law n° 17-95 pertaining to the limited companies.
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