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Hospitality:RISMA plans a 450 million dirham capital increase
RISMA, a hotel group listed on the Casablanca Stock Exchange, has announced plans for a capital increase worth 450 million Moroccan dirhams, aimed at supporting the growth of Morocco’s tourism sector.
The company said the operation is part of its long-term development strategy, which focuses on expanding its hotel portfolio, upgrading existing assets, and capitalizing on opportunities driven by the positive momentum of the national tourism industry.
The capital increase is scheduled to take place from January 26, with a subscription price set at 300 dirhams per share. Funds raised through the operation will be used to finance several development programs, including the refinancing of the acquisition of the Centre Multifonctionnel de Guéliz (CMG). CMG owns the real estate assets of the Radisson Blu Hotel Marrakech Carré Eden and the Carré Eden Shopping Center.
RISMA noted that the transaction offers investors the opportunity to support a leading player in a high-potential market, with a long-term value creation strategy and a policy of regular dividend distribution.
The group was advised on the transaction by CFG Finance, BMCE Capital Conseil, and Attijari Finances Corp, acting as co-financial advisors.
Currently operating 24 hotels with a total of 3,679 rooms across 11 cities nationwide, RISMA plays a key role in Morocco’s tourism economy. As part of its forward-looking strategy, the group aims to expand its portfolio to 28 establishments by 2030, reaching a capacity of more than 5,000 rooms.
