H&S Invest Holding, led by Moncef Belkhayat, has announced a co-controlling 25% stake acquisition in GIDNA, a key player in Morocco’s construction and public works sector. This strategic alliance is set to accelerate GIDNA’s growth, with an ambitious goal of reaching one billion dirhams in revenue within the next 12 months and preparing for an initial public offering (IPO) between 2027 and 2028.
Founded in 2006, GIDNA has built a strong reputation in the construction of specialized buildings and complex infrastructures. The company operates across multiple sectors, including industry, logistics, education, healthcare, and sports, delivering large-scale projects throughout Morocco. Its expertise enables it to meet the high standards of both public and private sector clients, further solidifying its market position.
H&S Invest Holding’s entry into GIDNA’s capital will be accompanied by a strengthening of corporate governance and a restructuring of financial management. This move aims to prepare the company for the rigorous demands of financial markets, ensuring a smooth transition toward its future stock market listing. By securing new funding sources, GIDNA will be well-positioned to accelerate its long-term expansion.
This investment aligns with H&S Invest Holding’s diversification strategy, particularly in the real estate and construction sectors. The group, already active across multiple industries through Dislog Group, Building Logistics Services, WB Africa, Horizon Press, and Kaya Immobilier, is expanding its portfolio with this new venture in construction and infrastructure.
Before the acquisition is finalized, the transaction will require administrative approval from Morocco’s Competition Council. H&S Invest Holding was advised on this deal by Hilmi Law Firm.
