Société Nationale d'Electrolyse et de Pétrochimie S.A. (CBSE:SNP) authorized a share repurchase program at its Ordinary General Meeting on February 19, 2013. Under the program, the company will repurchase to hold up to 180,000 shares, representing 7.5% of its capital. The maximum price at which the shares will be repurchased will be MAD 275 per share.

The program will commence from March 1, 2013 and will run for a period of 18 months hence. BMCE Capital Bourse acted as the broker to Société Nationale.