Crédit Immobilier et Hôtelier, Société Anonyme (CBSE:CIH) agreed to acquire BMCI Asset Management from Banque Marocaine pour le Commerce et l'Industrie (CBSE:BCI) for MAD 70 million on February 17, 2023. The deal is subject to approval by regulatory board. Completion of this transaction is expected to be completed by first half of 2023. Salma Bedraoui-Idrissi and Stan Andreassen of Bird & Bird acted as legal advisor to Crédit Immobilier et Hôtelier.

Crédit Immobilier et Hôtelier, Société Anonyme (CBSE:CIH) completed the acquisition of BMCI Asset Management from Banque Marocaine pour le Commerce et l'Industrie (CBSE:BCI) on August 1, 2023. BMCI Asset Management name changed to CIH Capital Management.