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Aradei Capital: revenue increased by 10.7 million dirhams in the 3rd quarter of 2024

13/01/2025
Source : ORISHAS FINANCE
Categories: Companies

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The management of Aradei Capital announced that the Moroccan real estate company specializing in rental real estate recorded an increase of 10.7 million dirhams (MMAD) in its consolidated turnover in the 3rd quarter of 2024 compared to the 3rd quarter of 2023.

Le chiffre d' affaire de Aradei Capital amounted to MAD 442.9 million against MAD 432.3 million in 2023. According to Nawfal Bendefa, Chairman and CEO of Aradei Capital, “this 3rd quarter is in line with the achievements of the year, with the success in October of a second capital increase and the finalization of the purchase of the minority stake in the Akdital Immo JV, in order to thus hold 100% of the capital”. The company's management also reports that the overall investment made as of September 30, 2024 amounts to 286.8 MMAD, mainly including the construction of Sela Park Casablanca and the finalization of the work of Akdital Immo. Regarding gross debt, company officials say that it stood at 3,109 MMAD as of September 30, 2024, down by 243 MMAD compared to the end of

2023.
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