Moroccan public holding company Al Omrane has successfully completed a private bond issue of 900 million dirhams (approximately $90 million) to institutional investors, as part of its strategy to diversify financing sources. The operation was announced on May 14, 2026, according to the company's statement.
The bond issue is part of Al Omrane's broader financial strategy to support its housing and urban development projects across Morocco. The group, which is a key player in the country's social housing sector, aims to optimize its debt structure and reduce reliance on bank loans.
Al Omrane has been increasingly turning to the capital markets to fund its operations. In 2025, the group raised 1.5 billion dirhams through a similar bond issuance. The latest operation brings the total amount raised via bonds in the past two years to 2.4 billion dirhams.
The bonds were placed with institutional investors, including insurance companies and pension funds. The maturity and interest rate details were not disclosed, but market sources indicate the operation was oversubscribed, reflecting strong investor confidence in the group's creditworthiness.
Al Omrane's financial performance has been solid, with revenues of 8.2 billion dirhams in 2025, up 12% from the previous year. The group's debt-to-equity ratio stands at 0.8, well within the comfort zone for a public sector entity.
