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BMCE Capital recommends buying Aradei Capital shares on Casablanca Stock Exchange
via Le Matin5 min read
BMCE Capital Global Research recommends purchasing Aradei Capital shares, valuing them at 521 dirhams, indicating a potential increase of 23.2% from the January 22, 2026, price. This recommendation follows Aradei Capital's strategic repositioning and a new growth cycle. The company aims to increase its asset value to over 11 billion dirhams by 2030, supported by a 3.3 billion dirham investment pipeline, with 1.8 billion dirhams already secured. By 2030, Aradei Capital targets revenue exceeding 1 billion dirhams, Funds From Operations FFO around 500 million dirhams, and an EBITDA margin above 70%. The share valuation, raised from 518 to 521 dirhams, incorporates the 2025-2030 development plan, expected synergies from the Casablanca mixed-use project, and improved pipeline visibility. BMCE Capital projects revenues around 1 billion dirhams by 2030, with an anticipated acceleration in 2026 to 779 million dirhams, a 20% year-on-year increase. This growth is driven by 100 million dirhams in exceptional revenues from a real estate development project in Dar Bouazza, the full-year integration of SELA Park Casablanca, and contributions from renovated Almazar and Borj Fès centers, expected in the first half of 2026, and initial recurring revenues from the Elevate project. In 2027, revenues are projected to normalize to 706 million dirhams, a 9% year-on-year decrease due to the non-recurrence of exceptional revenues, but show a 9% growth excluding real estate development. Long-term rev
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Bayern Munich is reportedly pursuing Ismael Saibari, a 25-year-old Moroccan international from PSV Eindhoven, to strengthen its midfield. Saibari had an exceptional season, scoring 19 goals and providing 9 assists in 37 appearances across all competitions, and was named the best player in the Eredivisie. According to Foot Mercato, Bayern Munich has already reached an agreement with Saibari on a contract until 2030. However, negotiations with PSV are ongoing regarding the transfer fee. PSV is reportedly demanding at least 50 million euros, excluding bonuses, for the offensive midfielder. Despite the difference in valuation, optimism remains, and discussions are expected to continue. If the transfer materializes, Saibari, currently with the Atlas Lions in the United States for the 2026 World Cup, would join one of Europe's most prestigious clubs.
As the 2026 World Cup approaches, Brazil is meticulously preparing for its match against Morocco. Brazilian winger Raphinha confirmed that the Seleção's technical staff is analyzing Morocco's playing style, focusing on their strengths and weaknesses to optimize their preparation. He noted that the team still has several days to refine their strategy against the Moroccan squad, which has become a significant force in global football. Meanwhile, Portugal's Bruno Fernandes expressed a desire for a rematch against Morocco in the 2026 World Cup final. He cited the 2022 World Cup quarter-final, where Morocco defeated Portugal 1-0, as a lingering memory. Fernandes, whose friend Noussair Mazraoui plays for Morocco, stated his wish to beat them and exact revenge, highlighting the lasting impact of Morocco's historic achievement as the first African and Arab nation to reach a World Cup semi-final.
Over 40,000 Moroccan residents in Spain are encountering significant difficulties with their driving licenses due to Spanish regulations concerning foreign permits. New residents can use their Moroccan license for six months, after which they must regularize their situation, a process proving complex for many. The main challenge for individuals like Abderrahim is passing the Spanish theoretical exams, despite being experienced drivers. This issue stems from a dispute in the early 2000s when Spanish authorities suspended direct conversion of some Moroccan licenses due to falsification and irregularities. Although relations between Rabat and Madrid have improved, and Morocco has modernized its licensing system with digital verification mechanisms, a specific group of Moroccans remains in an administrative gray area. These are individuals who obtained their Moroccan licenses while already legally residing in Spain, which excludes them from direct conversion and necessitates passing Spanish exams. For many, a driving license is crucial for professional and social integration, particularly in sectors like construction, agriculture, and delivery services, where mobility is essential for employment. The prospect of losing the right to drive causes significant concern, impacting income and family stability, in addition to daily constraints like transporting children and handling administrative tasks. Calls are growing for solutions that balance social and professional realities with