Casablanca Stock Exchange, Hotels

Risma

Moroccan hotel owner, operating under international brands.

At a glance

Risma owns 23 hotels in Morocco, from luxury to budget, operated under international brands. Its CAP 2030 plan targets 28 hotels.

History

Risma was founded in 1993 to buy, build and operate hotels in Morocco. It has been listed on the Casablanca Stock Exchange since 2006.

Latest published results

In the first half of 2026, revenue rose 15% to MAD 863 million on higher overnight stays; occupancy gained 5 points to 64%. EBITDA increased 22% to MAD 359 million. Excluding one-offs, net income attributable to the group rose 22% to MAD 144 million; including the gain on the sale of the Sofitel Casablanca, it reached MAD 313 million. Net debt was nearly halved to MAD 1.03 billion.

What to watch

The effects of the new franchise model in the second half and the start of works on the future Sofitel Tangier.

Key dates

  1. 1993

    Company founded.

  2. 2006

    First listing on the Casablanca Stock Exchange.

  3. 2026

    MAD 500 million capital increase, sale of the Sofitel Casablanca and switch to a franchise model on 1 April.

Sources: Boursenews, Risma : résultats du premier semestre 2026, September 16, 2026; African Markets, fiche société Risma, October 29, 2026.

Profile updated on October 29, 2026.

General information only. Nothing on this site constitutes investment advice or a recommendation to buy or sell.