BOURSSOLE Logo
BOURSSOLEYour smart investing compass
Stocks Market

Stocks Market

Aradei Capital Posts 7% Revenue Rise in 2025 and Announces 23 MAD Dividend

Aradei Capital posted a 7 % increase in revenue for 2025, reaching MAD 647 million, while its Funds‑from‑Operations grew to MAD 322 million. The board proposed a dividend of 23 MAD per share and unveiled an ambitious 2030 roadmap that targets over MAD 1 billion in revenue and a MAD 500 million FFO, backed by a MAD 3.3 billion investment pipeline. The company also highlighted key milestones in Casablanca, new leisure and retail‑media initiatives, and a robust 97 % occupancy rate, underscoring a strong operational outlook.

March 13th, 2026
2 min read
By boursenews.ma

Listen to this article

Unlock audio versions of premium articles and more with a Pro subscription.

Upgrade to Unlock

2025 Financial Highlights

Revenue: MAD 647 million, up 7 % from MAD 606 million in 2024, driven by stable‑portfolio performance and the contribution of Sela Park Casablanca.

Operating expenses: MAD 172 million, a 10 % increase.

Funds from Operations (FFO): MAD 322 million, +5 % YoY.

Investment portfolio growth: +MAD 586 million (7 %), reflecting a net asset value rise of MAD 376 million and new investments of MAD 210 million.

Dividend Announcement

Following its dividend policy, the Board proposes a payout of 23.0 MAD per share for the 2025 fiscal year.

Future Outlook – Capital Markets Day 2026

At its first Capital Markets Day on 29 January 2026, Aradei Capital reviewed the success of its 2020‑2024 strategy and unveiled a roadmap to 2030, targeting a **MAD 1 billion+ revenue** and **FFO of around MAD 500 million** backed by a MAD 3.3 billion investment pipeline.

2026 is expected to benefit from higher FFO, supported by the delivery of the residential project linked to Sela Plaza Dar Bouazza and accelerated diversification into leisure, retail‑media and the “E&S Bricks For Impact” sustainability programme.

Key Milestones in Casablanca

  • Inauguration of Sela Park Casablanca (30,000 m² GLA) in November 2025, with ~30 % dedicated to leisure.
  • Progress on a 60,000 m² mixed‑use flagship at the South entrance of Casablanca (retail, offices, leisure).
  • Completion of a 55‑unit residential promotion attached to Sela Plaza Dar Bouazza, delivery scheduled for 2026.

Innovation & Customer Experience

  • Opening of the first “WAW” Family Entertainment Center (4,000 m²) at Sela Park Casablanca in January 2026, operated by Best Leisure.
  • Renovation programme for Almazar (37,000 m²) and Borj Fez (27,000 m²) shopping centres.
  • Launch of the retail‑media agency “Elevate” in October, enhancing commercial space activation.

Operational Strength

Occupancy stands at a robust 97 % with a 97 % collection rate.

Portfolio Expansion

The asset portfolio is valued at MAD 8.5 billion, up 7 % year‑over‑year.

Discussion (0)