Agadi – The major Moroccan hotel and real estate operator RISMA has launched a significant capital increase of 450 million dirhams (48.7 million USD) following approval by the Moroccan Capital Market Authority (AMMC).
This move is a major step for the group as it accelerates its growth and strengthens its position in the national tourism and hospitality sector.
The AMMC approved RISMA’s capital increase on January 13, allowing the company to issue 1.5 million new shares at 300 dirhams each. Investors will have the opportunity to subscribe to these shares during the period from January 26 to January 30.
The pricing of the new shares reflects a strategic decision to balance market conditions with investor interest. Although the subscription price is set at 300 dirhams, RISMA’s shares have recently traded at higher levels.
The discounted price aims to attract a wide range of investors, particularly individual shareholders, who have a dedicated portion of the offering. Each subscriber is guaranteed an initial minimum allocation, with any remaining shares distributed proportionally according to demand.
RISMA’s fundraising initiative comes at a time of strong market interest in financing activity on the Casablanca Stock Exchange, where operations such as public offerings and capital increases are gaining traction after heightened investor engagement in 2025.
The company aims to leverage Morocco’s growing tourism sector, as forecasts point to rising numbers of visitors and increased foreign exchange revenues, boosting the profile of hotel operators and associated real estate assets.
The capital increase supports RISMA’s wider strategic goals of expanding its hotel portfolio, diversifying its brands, and improving asset quality. Recently, the group has pursued external growth, notably acquiring the Centre Multifonctionnel de Guéliz (CMG), which owns the Radisson Blu Hotel Marrakech Carré Eden and the Carré Eden Shopping Center.
RISMA is actively targeting land acquisitions and new project developments in cities with high tourism potential like Tangier.
By 2030, the group aims to expand its portfolio to at least 28 hotels with more than 5,000 rooms, combining greenfield projects with selective acquisitions and the repositioning of existing properties. positioning the company to capitalize on Morocco’s growing tourism sector and the evolving hospitality market.