At a glance
Alliances Développement Immobilier (ADI) builds affordable, mid-market and high-end housing, as well as serviced plots and tourism projects in Morocco.
History
Alliances Développement Immobilier was founded in 1994 and has been listed on the Casablanca Stock Exchange since 2008. The group develops housing, commercial projects and tourism programmes.
Latest published results
In the first half of 2026, consolidated revenue rose 6.5% to MAD 1.42 billion. Gross margin improved to 38% of revenue. Net income attributable to the group reached MAD 229.6 million, versus MAD 210.3 million a year earlier. Net debt fell to MAD 1.18 billion. The group pre-sold 3,267 homes.
What to watch
Delivery of the project pipeline, estimated at MAD 23 billion of future revenue, and the development of the hotel business.
Key dates
- 1994
Company founded.
- 2008
First listing on the Casablanca Stock Exchange.
- 2026
Projects launched in M'diq and Marrakech, plus a hotel project with the Rixos group.
Sources: Boursenews, Alliances : résultats du premier semestre 2026, September 30, 2026; African Markets, fiche société Alliances Développement Immobilier, October 29, 2026.
Profile updated on October 29, 2026.