On December 9, 2024, Al Akaria Invest, a prominent player in Morocco’s real estate market, announced a substantial capital increase of 178 million Moroccan dirhams (MAD). This strategic move, fully underwritten by its parent company, the Banque Centrale Populaire (BCP), raises the subsidiary’s total capital to a remarkable 1.03 billion MAD.
The new capital injection reflects BCP’s unwavering commitment to supporting Al Akaria Invest amid the challenges and opportunities of a dynamic real estate sector. Unlike conventional methods, this increase was carried out without preferential subscription rights, enabling BCP to acquire the entirety of the 1.78 million new shares issued.
This bold step underscores BCP’s intent to strengthen its subsidiary’s financial foundation while propelling its long-term development in a sector critical to Morocco’s economic landscape.
Al Akaria Invest has earned its reputation as a key player in Moroccan real estate, spearheading high-profile projects such as Next House Marrakech, Casa Anfa, and La Vallée in Dar Bouazza. These ventures, blending residential and mixed-use developments, demonstrate the company’s drive to meet the diverse needs of urban and suburban markets.
However, the journey has not been without challenges. In May 2024, Al Akaria Invest underwent a 665 million MAD capital reduction to offset significant financial losses. A year earlier, in 2023, BCP had infused 174 million MAD through a shareholder current account incorporation to bolster the subsidiary’s resilience.
The latest financial maneuver highlights BCP’s strategy of transforming hurdles into opportunities. By addressing Al Akaria Invest’s financial constraints, the bank is laying the groundwork for sustainable growth and innovation in the competitive real estate sector.
BCP’s renewed investment is more than just a financial transaction—it is a reaffirmation of its confidence in Al Akaria Invest’s potential to redefine the Moroccan real estate market. With this strengthened capital base, the subsidiary is better equipped to tackle future challenges, expand its footprint, and contribute to the nation’s economic vitality.
As Morocco’s real estate sector remains pivotal to national development, this capital boost positions BCP as both a leader and a key enabler of transformation, ensuring Al Akaria Invest’s resilience and success for years to come.
