The Al Omrane group has reported exceptional financial results for the first half of 2024, showcasing a significant transformation and growth trajectory. With a consolidated net profit of 194 million dirhams (MDH), the company achieved an astonishing 640% increase compared to the same period in 2023. This remarkable performance underscores the group’s successful revitalization, driven by the exemplary efforts of its teams.
In addition to this dramatic rise in net profit, Al Omrane saw improvements across all financial and operational metrics. Operating income soared by 515%, reaching 363 MDH, while consolidated revenue grew by 31%, hitting 2.282 billion dirhams (MMDH). Meanwhile, sales revenues surged by 43%, amounting to 2.666 MMDH.
These results reflect a robust commercial momentum, backed by an 11% increase in investment volume, totaling 2.288 MMDH for the first half of 2024. This highlights the group’s ongoing commitment to fostering growth and strengthening its position in the housing and land development sector.
In terms of physical achievements, Al Omrane launched the construction of 3,603 new housing units, marking a 24% increase from the previous year. Additionally, the completion of 4,048 units represents an impressive 206% growth. This dynamism is also evident in the number of sales contracts, with 7,949 transactions registered, up 13% from the previous year. Deliveries also saw a significant 40% rise, reaching 8,250 units.
These outstanding results align with Al Omrane’s ongoing recovery plan, as the group continues to advance its development goals while reinforcing its role as a key partner to public authorities. As the state’s arm in implementing housing, development, and land management policies, Al Omrane remains at the forefront of public sector programs in these strategic areas.
At the end of 2023, a comprehensive strategic review enabled the group to outline ambitious new goals for the short and medium terms. Al Omrane aims to position itself as a leading player in the housing sector, actively contributing to improving citizens’ living standards while integrating innovation, modernity, and sustainability into its operations.
As part of this transformation, the group has undertaken organizational and operational adjustments and strengthened its strategic partnerships, particularly with the private sector. Al Omrane aspires to become the national leader in housing and land development, all while maintaining financial solidity and exemplary governance.
Key priorities to ensure the sustainability of this transformation include operational excellence, technological transformation, and risk management. Research and innovation remain central to ensuring long-term, sustainable performance.
The initial results of this strategic shift are already evident, and Al Omrane is on track to maintain its growth trajectory. By enhancing its innovation capabilities and consolidating public and private partnerships, the group is reaffirming its central role in Morocco’s socio-economic development.
Al Omrane’s clear vision is to combine sustainability, innovation, and modernity to meet Morocco’s growing housing and development needs, solidifying its place as a key player in the sector.
