The law has identified three modes of transfer and no business list to exclude has been arrested. These modes are: 1) the tender used for the transfer of part or all of the shares or an enterprise, 2) The direct award used after unsuccessful tender, for the right of first refusal between shareholders, for reasons of regional development or job retention, and 3) The financial market used for an initial public offering in Casablanca Securities by a public offering at a fixed price.

The objectives on how to transfer assets to buinesses is listed in Article 5 paragraph 2. It says the objectives are 1) access of new social categories to the ownership of companies and fight against the hoarding; 2) development and strengthening of regional economies; and 3) safeguarding employment.

References: Law No. 39-89, promulgated by Dahir No. 1-90-01 of 15 Ramadan 1410 (11 April 1990), authorizing the transfer of public enterprises to the private sector as amended and supplemented.

Decrees of the Law No. 39-89 authorizing the transfer of public enterprises to the private sector as amended and supplemented.

Law No. 31-04, promulgated by Dahir No. 1-04-220 of 21 Ramadan 1425 (4 November 2004).

References: Law No. 39-89, promulgated by Dahir No. 1-90-01 of 15 Ramadan 1410 (11 April 1990), authorizing the transfer of public enterprises to the private sector as amended and supplemented.

Decrees of the Law No. 39-89 authorizing the transfer of public enterprises to the private sector as amended and supplemented.

Law No. 31-04, promulgated by Dahir No. 1-04-220 of 21 Ramadan 1425 (4 November 2004).

The privatization of the public SAMIR oil refinery and its transfer to Saudi business CORAL raised much criticism. After the transaction, the minister of privatization in charge of the transfer became the company's CEO.

This lead businessman Miloud CHAABI to say in a press interview, "This is a person who has privatized a public institution and, curiously, would find himself at the head of this institution...Indeed, there is a precedent in this area. Abderrahmane Saidi had he not transferred even without taking the trouble to launch a tender of Casablanca Hayatt Regency Hotel against 70 million Moroccan dirhams (US$8.3 million) a price below its value?"

SAMIR oil was sold for a price equivalent to US$400 million, while its real price is worth $1 billion dollars.

References: Miloud Chaâbi exhumes his conflict with Abderrahmane Saidi: On behalf of the truth, In Maroc Hebdo International - No. 471 - June 29 to July 5 2001

The last privatization sale of a stake in Maroc Telecom was preceded by a broad information campaign. It allowed the participation of employees and a large number of people.

References: Law No. 39-89, promulgated by Dahir No. 1-90-01 of 15 Ramadan 1410 (11 April 1990), authorizing the transfer of public enterprises to the private sector as amended and supplemented.

Decrees of the Law No. 39-89 authorizing the transfer of public enterprises to the private sector as amended and supplemented.

Law No. 31-04, promulgated by Dahir No. 1-04-220 of 21 Ramadan 1425 (4 November 2004).

The last privatization sale of a stake in Maroc Telecom was preceded by a broad information campaign. It allowed the participation of employees and a large number of people.

References: [ LINK ]

References: Law No. 39-89, promulgated by Dahir No. 1-90-01 of 15 Ramadan 1410 (11 April 1990), authorizing the transfer of public enterprises to the private sector as amended and supplemented.

Decrees of the Law No. 39-89 authorizing the transfer of public enterprises to the private sector as amended and supplemented.

Law No. 31-04, promulgated by Dahir No. 1-04-220 of 21 Ramadan 1425 (4 November 2004).

References: The ministry has a website and issues press releases. [ LINK ]

References: [ LINK ] =33.13958299 & _dad = portal & _schema = PORTAL

The ministry has a website launches and issues releases.