Maghrebail, a leading player in Morocco’s leasing finance sector, announced a revenue of over 2.02 billion dirhams (MMDH) for the first half of 2024, marking a 7.1% increase compared to the same period last year.
In the second quarter of 2024 alone, Maghrebail’s revenue surpassed 1.04 MMDH, according to a statement published on the Moroccan Capital Market Authority (AMMC) website. The company specializes in leasing financing for equipment and real estate assets aimed at professionals and businesses in Morocco.
The net book value of Maghrebail’s assets reached nearly 12.08 MMDH by the end of June 2024, representing a 3.1% increase from the previous year. These assets are distributed between equipment (63%) and real estate (37%).
Maghrebail continues to maintain its leadership in the Moroccan leasing market, holding a 24% market share. Production in the first half of 2024 grew by 6.62%, exceeding 1.63 MMDH. This growth was mainly driven by the equipment leasing segment, which rose by 13.37% to 1.43 MMDH. Meanwhile, real estate leasing amounted to 204 million dirhams (MDH), accounting for 12.47% of the production as of the end of June.
Maghrebail’s overall debt increased by 2.7% to 10.94 MMDH. This debt is primarily composed of bank loans (75%) and Bonds of Financing Companies (BSF) (25%).
