Founder note
An independent conviction, focused on the real economy.
January 2026
Since 2004, Red Med Capital has supported its clients with the conviction that finance must be a lever serving the development of Morocco’s real economy. This commitment has guided our actions in a constantly changing environment, marked by the transformation of key sectors, the growing strength of capital markets and the emergence of ever more innovative financing and investment needs.
These dynamics have been made possible by a robust macroeconomic framework and a clear determination to position Morocco as a leading regional player, resolutely focused on the future. In this context, Red Med Capital has set out to build a value-creating offering aligned with its clients’ expectations and market requirements.
The Group’s asset management company has thus reached MAD 30 billion in assets under management, ranking among the country’s three leading independent asset managers. The entry into force of Law 03-25 on UCITS is a major catalyst for the industry’s development, paving the way for new opportunities and innovative products intended for a broader investor base.
The private equity management company completed the second closing of the Colombus 1 Fund, bringing the total to MAD 710 million, and was selected as one of the nine managers retained by the Mohammed VI Investment Fund, reflecting the confidence placed in our expertise. In keeping with the Group’s strategy, support for SMEs, the true engines of economic growth, remains at the heart of our work, notably through the management of the Oriental Region Investment Fund (FIRO).
Our investment banking business, for its part, continued to expand through landmark capital markets transactions, serving both major institutional investors and SMEs accessing these financing mechanisms for the first time. Our support in renewable energy and green hydrogen has also grown, contributing—alongside advisory work on major green projects—to industrial companies’ energy transition through access to medium voltage and the structuring of high-impact projects.
Convinced that performance can only be holistic, we will continue to turn our convictions into concrete action.
The Group’s brokerage firm consolidated its position with a market share close to 8%, an expanded service offering (issuers, online trading, etc.) and a stronger technology platform.
Lastly, our real estate subsidiary continued to advance its flagship projects, Sohaus and M Tower, in line with our schedule. Both are HQE-certified, reflecting our high standards for quality and environmental performance.
Two major developments further reinforce this trajectory. Azimut Group’s minority investment in Red Med Asset Management and Red Med Securities confirms the international recognition of our positioning and reputational capital, while paving the way for synergies based on best practices, particularly in digitalisation and responsible finance.
Moreover, obtaining Best Places to Work certification, with a 90% satisfaction rate, recognises our commitment to the well-being of our employees, the Group’s foremost asset.
Building on its values of trust, performance and impact, Red Med Capital is continuing to grow with the ambition of offering innovative, wealth-creating solutions for institutional investors, companies and, increasingly, individuals, in Morocco and beyond—through an ambitious CSR plan at the heart of our short-, medium- and long-term vision.