ADDOHA
35.00      ↓ -1.74
AFMA
1,324.00      ↓ -1.78
AFRIC INDUSTRIES SA
340.00      → 0.00
AFRIQUIA GAZ
4,180.00      ↓ -0.24
AGMA-LAHLOU TAZI
6,705.00      ↓ -4.12
AKDITAL S.A
1,460.00      ↑ 1.46
ALLIANCES
459.00      ↓ -2.34
ALUMINIUM
1,835.00      → 0.00
ARADEI CAPITAL
482.50      ↑ 0.31
ATLANTASANAD
140.10      ↓ -0.64
ATTIJARIWAFA BANK NV
690.60      ↓ -0.62
AUTO NEJMA
1,948.00      → 0.00
AUTOHALL
78.00      ↓ -0.88
BALIMA
228.00      → 0.00
BANK OF AFRICA
236.00      ↑ 1.24
BCP
274.95      ↓ -0.02
BMCI
548.00      ↓ -2.84
BRASSERIES MAROC
2,156.00      ↓ -2.71
CARTIER
32.00      ↑ 2.89
CDM
1,099.00      ↓ -0.09
CFG BANK
234.50      ↑ 1.96
CIH
398.45      ↓ -0.39
CIMENT MAROC
1,955.00      ↑ 1.30
CMGP GROUP
342.00      ↓ -1.70
COLORADO
59.10      ↓ -3.40
COSUMAR
230.00      ↓ -2.15
CREDIT EQDOM
1,068.00      ↓ -2.91
CTM SA
945.00      ↑ 2.49
DARI COUSPATE
3,500.00      → 0.00
DELATTRE LEVIVIER
40.00      → 0.00
DELTA HOLDING
84.96      ↑ 1.14
DIAC SALAF
26.25      → 0.00
DISTY TECHNOLOGIES
325.00      ↓ -0.91
DISWAY
805.80      ↑ 0.10
ENNAKL
35.11      ↑ 0.31
FENIE BROSSETTE
270.60      ↓ -2.31
HPS
549.50      ↓ -0.09
IB MAROC.COM
38.69      → 0.00
IMMORENTE INVEST
89.12      ↓ -0.86
INVOLYS
98.00      ↓ -0.91
ITISSALAT AL-MAGHRIB
110.75      ↓ -0.23
JET CONTRACTORS
2,267.00      ↓ -5.54
LABEL VIE
4,670.00      ↑ 0.02
LAFARGEHOLCIM MAROC
1,956.00      ↓ -0.20
LESIEUR CRISTAL
285.00      ↑ 1.79
M.LEASING
375.00      → 0.00
M2M Group
520.00      ↑ 0.27
MAGHREB OXYGENE
445.00      ↑ 4.93
MAGHREBAIL
935.00      → 0.00
MANAGEM
5,200.00      ↓ -1.87
MED PAPER
21.59      ↑ 1.84
MICRODATA
850.00      → 0.00
MINIERE TOUISSIT
1,880.00      ↑ 3.24
MUTANDIS
290.00      ↓ -0.68
OULMES
1,218.00      → 0.00
PROMOPHARM
1,100.00      ↓ -5.98
REBAB
86.00      → 0.00
RES DAR SAADA
96.00      ↓ -1.03
RISMA
345.00      ↑ 4.58
S.M MONETIQUE
595.00      ↓ -4.03
S.M.IMITER
2,441.00      ↑ 2.18
SAHAM ASSURANCE
1,900.00      → 0.00
SALAFIN
649.00      → 0.00
SAMIR
127.80      → 0.00
SNEP
699.00      ↓ -0.14
SODEP-MARSA MAROC
775.10      ↑ 0.01
SONASID
2,569.00      ↓ -0.08
SOTHEMA
1,450.00      → 0.00
SRM
460.00      ↑ 2.22
STOKVIS NORD AFRIQ
59.30      ↑ 2.24
STROC INDUSTRIE
74.00      ↓ -0.08
TAQA MOROCCO
2,999.00      ↓ -2.94
TGCC S.A
880.40      ↑ 3.33
TOTAL MAROC
1,979.00      ↑ 2.01
UNIMER
170.00      → 0.00
WAFA ASSURANCE
5,125.00      → 0.00
ZELLIDJA
155.00      ↑ 3.71

Red Med Capital: An Independent Investment Bank in Morocco with a Green DNA

Source : Boursenews

CFI.co in conversation with Abdeslam Ababou, chief executive of Red Med Capital…

CEO of the independent investment bank, Abdeslam Ababou, founded the first arm of the group, Red Med Finance, in 2004. It has been involved in major M&A transactions which led corporate finance activities in sectors including telecom, education, financial services or the agro industry. The advisory bank, has also been involved in renewable energy sector since 2010 and developed a sharp expertise in this industry.

The second subsidiary, Red Med Asset Management, came into being in 2011. It has assets of more than €1.1bn under management, and a large portfolio of institutional, corporate and private clients. In 2020, the group broadened the scope of its activities by responding to the critical needs of the SME sector by founding Red Med Private Equity. The first fund is addressing the growing SME’s markets in Morocco, Tunisia, Ivory Coast and Senegal. In 2021, it acquired a brokerage firm which was to become Red Med Securities. The most recent to be born, in 2022, was management firm Red Med Real Estate.

What is the framework for international investors in Morocco?

Morocco benefits from an attractive investment framework, thanks first to its political stability and macro-economic indicators that have remained relatively stable in a period of worldwide turbulence.

Morocco has encouraged FDI in the past 10- 15 years by providing incentives and first-class infrastructure such as Tangier Med port and industrial areas/free zones. Morocco prioritised training for our young people to create valuable expertise in some key sectors.

Automotive has become something of a flagship. In just 10 years, Morocco has attracted two major car manufacturers and Tier 1 O&Ms, creating a competitive business environment.

The new investment charter, voted last November, encourages private investment — aiming to outpace public investment. It also provides incentives for specific industries to promote the regional equity and for Strategic projects — worth more than £79m — that will be negotiated on a case-by-case basis.

Morocco has proven itself to be a safe haven for international investors, with geographic proximity to Europe and access to a billion consumers — representing 60 percent of worldwide GDP — via Morocco boasts a strong legal framework that guarantees investors’ interests, especially in terms on repatriation of dividends or cession revenue, take top priority. The country has all the ingredients to boost its FDI in key industries. There is a clear momentum for that.

What green economy opportunities exist In Morocco?

Red Med Group has been actively involved in the renewable energy sector for 13 years. Since 2010, Red Med Capital has advised major national and international projects, for a development of about 800 MW of renewable energy.

Red Med Capital is also involved in the promising green hydrogen industry by advising two key players to develop large-scale projects to supply the national market and to export to Europe.

With the war in Ukraine, European countries have had to rethink their energy supplies.

Morocco, which benefits from extraordinary renewable energy assets, which is only 14 kms from Spain, which has an existing grid and a gas pipeline connected to Europe, presents itself as a suitable partner. Morocco has demonstrated a willingness to be a leader in that field all along the last fourteen years.

At the behest of His Majesty King Mohammed VI, the government is encouraging the development of the PtX industry by proposing a “Moroccan Offer” on a win-win basis. Moroccan potential has been illustrated by the latest report from the International Energy Agency which has identified Morocco as part of the five hot spots for green hydrogen projects, with a goal of producing four percent of the world’s green hydrogen by 2030.

For all these reasons, Red Med Capital considers itself a bridge for investors, providing the know how to transform opportunities into concrete projects.

Read more

Menu