Balima focuses investment on iconic Rabat hotel renovation
Balima focuses investment on iconic Rabat hotel renovation

In the second quarter of 2025, Balima Real Estate Company turned its focus inward, channeling nearly all its investments into a single, landmark property. Just under 3.9 million dirhams were allocated to renovation work on the historic Balima Hotel, a longtime fixture in the heart of Rabat. This strategic decision marked a shift in the company’s investment activity, as no new properties were acquired or sold during the period.

Balima also maintained a conservative financial posture, refraining from taking on any medium- or long-term debt. The company also avoided short-term borrowing, including overdrafts—highlighting a continued commitment to financial stability.

On the earnings front, the second quarter brought in revenue of 12.6 million dirhams, reflecting a 3.57% increase compared to the same period last year. For the first half of 2025, total income reached 25.2 million dirhams, marking a 3% year-over-year rise.

The composition of the company’s rental portfolio remained steady. Commercial leases accounted for the largest share at 53%, followed by residential leases at 31%, and professional leases making up the remaining 16%.