Holding Al Omrane (HAO) has proven its position as a powerhouse in Morocco’s real estate and urban development sector, reporting impressive financial performance for the first nine months of 2024. The group posted revenues exceeding 3.55 billion dirhams (MMDH), marking a remarkable 47% increase compared to the same period in 2023. These results underscore the efficiency of its operational strategies and unwavering commitment to enhancing urban infrastructure across the country.
The growth trajectory became even more pronounced in the third quarter of 2024, with revenue reaching 1.27 billion dirhams, a 44% boost compared to Q3 of 2023. This sharp increase reflects the group’s ability to meet the rising demand for housing and infrastructure, solidifying its role as a key player in Morocco’s real estate sector.
Aligned with its stellar performance, Holding Al Omrane has maintained a strong investment momentum. From January to September 2024, the group invested nearly 3.56 billion dirhams in various development projects—a 14% rise from the previous year. These strategic investments aim to generate long-term value while supporting national urban development initiatives.
Despite its aggressive investment strategy, HAO has successfully managed its financial stability. By the end of September 2024, the group’s debt stood at 5.26 billion dirhams, representing a 5% decline year-on-year. This achievement highlights its disciplined financial management and commitment to maintaining a robust financial foundation while pursuing ambitious growth plans.
These stellar results reinforce Holding Al Omrane’s pivotal role in shaping Morocco’s urban landscape. By combining economic performance with strategic investments and prudent financial management, the group is actively contributing to improving citizens’ quality of life through inclusive and transformative projects.
As it continues on this upward trajectory, HAO exemplifies resilience and excellence in Morocco’s real estate sector. With its focus on sustainable development and readiness to tackle future challenges, Holding Al Omrane is poised to remain a cornerstone of urban progress in the kingdom.
