Major changes were introduced in the composition of the board of directors of the company Medi 1, as part of the completion of the “Holding company of the public audiovisual division », learned Hespress from well-informed sources. This initiative comes in application of the recommendations resulting from the ordinary general meeting held on August 2..
Among the appointments made for a period of six years, we find Faïçal Laraïchi, president and CEO of the Société Nationale de Radiodiffusion et de Télévision (SNRT), as permanent representative as manager of a legal entity, as well as Salim Cheikh, director of the second channel, designated natural person manager.
According to the same sources, these structural modifications were recorded in the commercial register of Medi 1 and filed with the registry of the commercial court of Tangier. They also include the appointment of Hassan Khiyar as president and CEO (individual manager), as well as that of Aziz Khiati and Abdelaziz El Bouzdaini in the same functions.
At the same time, Reda Makhtoum was appointed permanent representative on the board on behalf of the National Agency for the Strategic Management of State Participations and monitoring of the performance of public establishments and enterprises (ANGSPE). For their part, Rachid Laaziri and Driss Bennani Hassan, managers affiliated with CDG Invest, a subsidiary of Caisse de Dépôt et de Gestion (CDG), presented their resignation.
The sources of Hespress add that the management of these administrative changes was entrusted to an audit, consulting and accounting firm based in Rabat, in order to ensure the transparency and compliance of this reorganization.
Furthermore, the Competition Council gave the green light to the management of the SNRT to proceed with the acquisition of Medi 1, as part of the “Public pole holding” project. The permanent committee of the Council validated this operation after examining the prior notification of concentration filed by the parties concerned.
As a reminder, the government had previously approved the acquisition by SNRT of 86.3% of the capital of Medi 1 as well as its subsidiary K’Regie3specialized in the management of advertising spaces, and which is entirely owned by Medi 1. The operation was governed by decision decree no. 2.23.679, published in the Official Bulletin dated February 19, 2024, in accordance with the management contract. sale concluded between SNRT, Société Financière de Gestion et d’Investissement, O Capital and Bank of Africa (BOA). This contract defines the financing and investment arrangements necessary to ensure the proper execution of this strategic operation.
It should be remembered that the SNRT board of directors had already given its approval for this acquisition. The government had also validated the operation, following the favorable opinion expressed by the National Agency for the Strategic Management of State Participations. This process is part of the ambitious restructuring project of public companies in the audiovisual sector, carried out in accordance with the royal guidelines relating to the reform of the public sector and the modernization of the country’s strategic institutions.
