THE COMPANY: Founded in 1993 and floated on the Casablanca Stock Exchange (CSE) since 2006, Risma is the first investment vehicle dedicated to hotel development in the kingdom. With 33 hotels and nearly 4800 rooms, Risma manages the largest hotel chain in Morocco and deploys a unique portfolio of hotels...
In 2008 the EU upgraded its Association Agreement with Morocco to “advanced status”, granting the kingdom most of the commercial advantages of being part of the EU but without participation in the bloc’s political institutions. The kingdom now is undertaking the painstaking work of harmonising its laws and regulations with EU requirements, which...
French group has completed a milestone in its internationalisation process, which is focused on the Maghreb, West Africa and Eastern Europe. SNI has also divested 12.9% of Lesieur Cristal capital equity to several Moroccan institutional shareholders. Following these operations, SNI’s stake in Lesieur Cristal became 22.3%. The transfer of SNI stake...
DEVELOPMENT STRATEGY: At the local level, the group is contemplating pursuing a strategy of reinforcement. The bank’s development plan provides for a sustained increase in branch openings, with an average of 100 new locations each year. Additionally, the bank would strengthen the market position of...
Balancing the marked decrease in fixed-line traffic and continued growth in the mobile communications segment, Morocco’s telecoms players are grappling with a period of intense competition. Since the entry of a third operator, Wana, in 2010, the country’s two established operators, Maroc Telecom and Méditel, have been battling it out on several...
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