🛠 Transparency · Editorial
Corrections and Updates
A public, dated record of the material data corrections and factual updates Dalil Finance has made across its Morocco market pages. Each entry states what was wrong, what it was changed to, and the primary source that resolved it.
Why this page exists
Dalil Finance publishes market data and company profiles for the Bourse de Casablanca. Some of that content is compiled from third-party feeds; some is written from primary sources such as company filings on the AMMC, Bank Al-Maghrib publications, and the annual Loi de Finances. Sources change, feeds go stale, and early drafts contain mistakes. When we find or are told about an error that materially affects a number or a fact, we fix it on the page and record it here rather than editing quietly.
This is a deliberate editorial practice. A reader deciding whether to trust a figure should be able to see whether the page it sits on has been corrected before, what kind of errors we catch, and how quickly. The log below is not exhaustive of every typo or wording tweak - it covers changes that altered a displayed value, a factual claim about a company, or a tax or rate figure that a reader might act on. For how data is sourced and refreshed in the first place, see the Methodology and Data Sources pages.
How to report an error
If you spot a number or a claim on Dalil that looks wrong, email the details - the page, the figure, and if possible the source that contradicts it - via the contact page. Corrections that change a displayed value or a factual claim are logged here with the date they were applied.
Correction log
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2026-07-19
Rate dataBank Al-Maghrib policy rate corrected to 2.25% sitewide
Multiple pages and the market feed stated the BAM key rate as
2.75%. The policy rate has in fact been held at
2.25% since Bank Al-Maghrib's March 2025 decision, a level maintained through the June 2026 board meeting. Because no data provider supplies the BAM rate, the feed had been serving a hardcoded value as if it were live, which propagated the stale figure to every page that read it. Corrected to 2.25% in the market feed and on all stock, FX, sector, and macro pages. Source: Bank Al-Maghrib monetary policy communiqués,
bkam.ma.
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2026-07-19
Rate dataMorocco government yield curve replaced with real BAM reference rates
The Moroccan Treasury yield curve shown on the platform carried values from an earlier period (for example a 10-year near
4.24%) with synthetic movement. It was replaced with Bank Al-Maghrib's secondary-market reference curve as of 2026-07-17 - 13-week 2.16%, 26-week 2.17%, 52-week 2.21%, 2-year 2.22%, 5-year 2.72%, 10-year 2.88%, 15-year 3.17%, 20-year 3.64%, 30-year 3.72%. Non-live curve points now render flat rather than with fabricated jitter. Source: Bank Al-Maghrib, "Taux de référence des bons du Trésor",
bkam.ma.
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2026-07-19
Company factsOwnership and operations corrected for Bank of Africa, Managem, and Wafa Assurance
A web-verified audit of the remaining company pages corrected three ownership and geography claims. Bank of Africa (BOA): the controlling holding was renamed O Capital Group (FinanceCom merged into it), with Crédit Mutuel Alliance Fédérale holding roughly 25% as the second shareholder. Managem (MNG): an unsupported "Burkina Faso operations" claim was replaced with its verified assets - the Boto gold project in Senegal and the Tri-K project in Guinea. Wafa Assurance (WAA): "Attijariwafa Bank is the controlling shareholder" was corrected to control via the OGM holding (79.29% of WAA), co-owned 50/50 by Attijariwafa Bank and Al Mada. Fixed on the static pages and in the underlying company data.
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2026-07-19
Company factsFounding dates, merger year, and dividend claims corrected
A fact audit of the bank and telecom pages corrected several specifics: the Attijariwafa Bank merger year (BCM + Wafabank) from 2003 to 2004; CIH Bank's founding history to its 1920 origin and 1967 renaming (previously given as 1959); and Maroc Telecom's dividend section to reflect the FY2024 dividend cut (1.43 MAD, tied to the Wana settlement) rather than an outdated "5-8% yield" claim. Banque Centrale Populaire's "52% MRE market share" was softened to a group-reported leading share pending a citable figure.
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2026-07-14
Company factsOCP page: false stock-listing claim removed
The OCP Group page stated that "OCP est cotée à la Bourse de Casablanca depuis 2024" and was framed around a live OCP share price. This was incorrect: OCP is not listed on any stock exchange. It is approximately 95% owned by the Moroccan state and about 5% by a BCP-managed fund, and raises capital through bonds rather than equity. The page was rewritten as an honest company profile - "Is OCP listed?" (no, with IPO-rumour context), how investors can get exposure (bonds via OPCVM), and the dead live-price card was removed. Source: OCP Group corporate disclosures and bond prospectuses.
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2026-07-12
Tax dataDividend withholding (TPA) corrected to the phased schedule
The tax articles described the dividend withholding tax (Taxe sur les Produits des Actions, TPA) as a flat 15%. Morocco's Finance Law 2023, as amended by the Finance Law 2025, is phasing it down for distributions of recently earned profits:
12.5% for amounts distributed in 2025, 11.25% from 2026, heading to a 10% target, while distributions drawn from older retained earnings can still bear 15%. Corrected in both taxation articles. This same schedule now powers the
after-tax income calculator. Source: Code Général des Impôts and annual Loi de Finances,
tax.gov.ma.
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2026-07-12
Stale exampleGold-in-dirham worked example refreshed
The worked example in the gold explainer used a gold price of about $2,320 per ounce - roughly half the prevailing spot level shown on the site's own feed. It was updated to about $4,100 per ounce ($131.82 per gram) at a USD/MAD rate of 9.35, and all the dependent gram and karat arithmetic was recomputed. Stale references to "highs above $3,000/oz" were also removed.
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2026-07-12
Reference dataCasablanca trading hours corrected to UTC+1
Several pages described the Casablanca Stock Exchange session in "WAT" while quoting UTC+1 hours. Morocco observes UTC+1, so the timezone label was corrected to avoid implying a different offset. Trading session: 09:30-15:30, Monday to Friday.
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2026-04
Content bugBanking and telecom sector pages: swapped content restored
The banking and telecom sector pages had their body content transposed - the banks page carried telecom text and vice versa. The content was moved back to the correct pages. This was a straightforward publishing error, corrected once identified.
What we do not log here
Routine wording edits, layout changes, image swaps, and typography fixes are not recorded here - they do not change a figure or a factual claim. Live market data is a separate matter: prices, rates, and index levels update continuously from their sources and are delayed by design (see Methodology). A delayed price is not an error; a wrong static fact or a stale hardcoded value is, and that is what this page tracks.