Nationally, Morocco is facing a difficult socio-economic situation with five consecutive years of drought and an unprecedented budgetary effort to support social programs (universal medical coverage, education, health, the Haouz earthquake, direct aid to the most deprived households…).

Despite this context, the Kingdom has managed to maintain solid macroeconomic indicators and to propose a robust and promising development project, particularly around Morocco’s undisputed leadership in energy transition, the organization of landmark events such as the World Cup 2030, and the industrialization and tourism development of the Kingdom.

In this context, Red Med Capital has expanded its product range covering the entire spectrum of investment banking services to contribute to the success of this national development project, through its five subsidiaries:

Red Med Corporate Finance obtained its CIF (Financial Investment Advisor) status from the AMMC last August. This status will enable RMCF to consolidate its position in capital raising activities, which reached 1.2 billion MAD in 2023. The investment bank has also continued to fully engage in the renewable energy and green hydrogen sector, advising international developers and supporting local industries to source competitive green energy.

Red Med Asset Management recorded a record increase of 50% in AUM between 2022 and 2023, reaching 15 billion Dirhams of AUM thanks to the solidity of its management and the performance of its funds (equity funds ranked first and dedicated OMLT funds outperformed the market). RMAM has positioned itself as the country’s second independent asset management company.

Red Med Private equity has strengthened its foothold in the economy by investing 220 billion Dirhams in three SMEs with high development potential and by launching its second fundraising round.

Following its restructuring, the strengthening of its team, and the implementation of an efficient information system, Red Med Securities recorded its first profitable exercise since its acquisition by Red Med Capital in 2021.

Red Med Real Estate has concluded a structuring partnership with the reference group in real estate, Lamfadel, and has initiated a first luxury residential project in the “Le Domaine d’Anfa” district in Casablanca. RMRE has also made progress on its project to develop a management company dedicated to REITs.

Finally, the year 2023 was a special year for the Red Med Group, with recognition of its mindset that has always emphasized values of ethics, equity, transparency, respect, benevolence, and sharing towards our stakeholders. The acquisition of the CGEM CSR Label for Red Med Capital and Red Med Asset Management motivates us even more to be a responsible actor towards our ecosystem.

I conclude by thanking all my colleagues for their dedication, commitment, and contribution both professionally and personally, and I reiterate my full confidence and esteem in them.