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Economy

H&S Invest Holding expands real estate portfolio with GIDNA partnership

Friday 14 February 2025 - 09:50

H&S Invest Holding, chaired by Moncef Belkhayat, has taken a significant step in its growth strategy by acquiring a co-controlling 25% stake in GIDNA, a Moroccan company specializing in construction and public works. This move, pending approval from the Competition Council, aims to drive GIDNA’s revenue to one billion dirhams within a year.

Founded in 2006, GIDNA has established itself as a key player in the execution of specialized buildings and complex infrastructure projects. Its expertise spans various sectors, including industry, logistics, education, healthcare, and sports. The company’s portfolio features factories, logistics platforms, schools, hospitals, and sports complexes, contributing significantly to Morocco’s infrastructure development.

H&S Invest Holding’s investment in GIDNA brings with it a strengthened corporate governance structure, including a restructuring of the financial management team. This strategic adjustment seeks to enhance operational efficiency and lay the groundwork for a potential initial public offering (IPO) between 2027 and 2028, contingent upon market conditions and preparatory progress.

This acquisition underscores H&S Invest Holding’s ongoing diversification strategy. Already active in several critical sectors of Morocco’s economy, the group is bolstering its real estate division, which was previously represented by Kaya Immobilier. Beyond real estate, the holding has a strong presence in industry and distribution through Dislog Group, logistics and transportation via Building Logistics Services, and media and communication with WB Africa and Horizon Press.

The transaction was facilitated with legal guidance from Hilmi Law Firm. By partnering with GIDNA, H&S Invest Holding is capitalizing on the growth potential of Morocco’s construction sector. The group aims to play a pivotal role in developing modern infrastructure essential to the country’s economic momentum.

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