Residences Dar Saada S.A.
CCSEMA:RDS174.75
MAD
+4.75
(+2.79%)
ISIN
MA0000012239
Return %
Stock
S&P 500
1Y
-5.49
14.20
3Y
643.62
81.12
5Y
446.09
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Semi-annual Revenue
FRC
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Semi-annual Dividends Per Share
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in mil. unless spec.Company Description
- Full Time Employees
- 185
- Sector
- Finance
- Industry
- Real estate development
- Address
- Casablanca Morocco
- IPO Date
- Dec 18, 2014
- Website
- espacessaada.com
- Similar Companies
- Business
- Residences Dar Saada S.A. is a Morocco-based real estate development company engaged in the development, construction, promotion, and marketing of residential, commercial, and mixed-use properties. Founded in 2000 and headquartered in Casablanca, Morocco, the company operates as the affordable and middle-standing housing development subsidiary of Palmeraie Holding (B Group). Residences Dar Saada S.A. develops large-scale integrated urban communities and offers a comprehensive range of property solutions, including the construction and sale of subsidized social and economic residential apartments; intermediate and middle-standing multi-family housing units; serviced land parcels and subdivision plots for private villa and residential home construction; ground-floor commercial units, retail outlets, and professional office spaces integrated within housing developments; and community infrastructure, including educational facilities, administrative amenities, sports grounds, and landscaped public spaces. The company maintains operational and project footprints across primary urban markets in Morocco, including Casablanca, Dar Bouazza, Tamaris, Marrakech, Rabat, Salé, Tangier, Kenitra, Fes, Agadir, Oujda, Settat, and Martil. In recent strategic and operational developments, Residences Dar Saada S.A. has executed a targeted business model reorientation toward middle-standing residential developments and serviced land subdivision projects to diversify its revenue base and capture higher operating margins. The company has also advanced comprehensive balance-sheet restructuring and deleveraging initiatives, including the ongoing issuance and rollover of commercial paper (billets de trésorerie) and private debt restructuring to optimize liquidity and reduce overall financing charges. Additionally, the company has entered into co-development arrangements to accelerate the monetization of its strategic land reserves, deployed digitized customer service and sales channels, and integrated sustainable, energy-efficient building standards across its latest housing project launches.