Morocco’s leading private healthcare operator, Akdital, has raised 1.2 billion dirhams (US$130 million) through a private bond issuance to finance a major expansion of its medical network both domestically and internationally. The seven-year bond, structured in four tranches with fixed and variable interest rates, was arranged by CFG Finance, CFG Bank, Valoris Corporate Finance and Valoris Securities.
The company plans to use the new funding to significantly increase hospital capacity across Morocco, where demand for quality healthcare continues to rise. Between 2025 and 2027, Akdital will add 2,700 new beds nationwide, bringing its total to about 6,400. This domestic expansion, estimated at 3.4 billion dirhams, aims to address Morocco’s low bed-to-population ratio and strengthen Akdital’s position as the country’s largest private healthcare provider. The group currently operates 41 medical facilities in 24 cities, offering more than 4,000 beds and advanced services in cardiology, neurosurgery, oncology, intensive care and neonatology.
At the same time, Akdital is preparing its first international expansion into the Gulf region. The company plans to open a multidisciplinary hospital and oncology center in Dubai by the third quarter of 2027 and expects to acquire and rebrand an existing hospital in Riyadh, Saudi Arabia, before the end of 2025. The international rollout will require an additional investment of about 1.2 billion dirhams.
Akdital’s expansion strategy follows a period of strong financial performance. In 2024, the group recorded a 55% rise in revenue to US$319.6 million, while net profit grew 76%. The company says the fresh capital will enable it to meet rising healthcare demand and position itself as a regional player across North Africa and the Middle East.
