Company: Risma
Country: Morocco
Sector: Hotels/Resorts/Cruiselines
CEO: Not publicly listed
Website: Not publicly listed
Careers Page: Not publicly listed
LinkedIn: Not publicly listed
Email: Not publicly listed
Headquarters: Casablanca, Morocco
Founded: Not publicly listed
Valuation/Revenue: $127.6m revenue; $446.3m market value (African Business Top 250, 2025); market capitalisation exceeding 5 billion MAD reported in early 2026 (peter.ma)
Risma is Morocco’s leading publicly listed hotel company, owning and operating a portfolio of roughly 21 Accor-branded hotels across Morocco under brands including Sofitel, Novotel and ibis. It is listed on the Casablanca Stock Exchange and has recently shifted its business model from property owner toward direct hotel operator.
What Does Risma Do?
Risma owns hotel real estate across major Moroccan cities and tourist destinations and operates these properties under long-running franchise and management agreements with French hospitality group Accor. The company has been transitioning from a passive property-owner role, in which Accor managed its hotels, toward taking direct franchise control and operating the properties itself, a shift described in industry press as moving “from property owner to hotel operator.” This reflects a broader strategic partnership between Risma and Accor to accelerate hotel development and training in Morocco.
Is Risma Legit?
Yes. Risma has been publicly listed on the Casablanca Stock Exchange since its IPO on May 15, 2006, making it one of the exchange’s longest-standing hospitality sector stocks. It completed a secondary public offering in early 2026 that was reported to be oversubscribed 46.7 times over, drawing more than 100,000 investors from 81 nationalities — a strong signal of continued market confidence.
How Big Is Risma?
According to African Business magazine’s Top 250 companies in Africa list for 2025, Risma generated revenue of approximately $127.6 million and carried a market value of about $446.3 million, ranking 191st among Africa’s largest companies. Trade press reported Risma’s market capitalisation exceeding 5 billion Moroccan dirhams in early 2026, alongside a heavily oversubscribed capital raise, indicating continued growth in investor demand.
Who Owns Risma?
Ownership of Risma changed materially in 2023, when Accor sold its roughly 33% stake in the company to Mutris, a Moroccan investment firm, at 130 dirhams per share; Accor’s existing hotel management and franchise agreements with Risma were unaffected by the sale. The remaining shares are held by a broad base of Moroccan and international investors following the company’s public offerings.
Is Risma Publicly Traded?
Yes. Risma has traded on the Casablanca Stock Exchange (BVC: RIS) since 2006 and remains one of the exchange’s most closely watched tourism-sector stocks, particularly given Morocco’s strategic push to grow inbound tourism ahead of co-hosting the 2030 FIFA World Cup.
What Has Risma Been in the News For Recently?
In 2026, Risma and Accor announced an expanded strategic partnership to accelerate hotel development in Morocco, including new projects and a training academy, alongside Risma’s pivot toward a franchise-operator model and its oversubscribed capital raise.
How Does Risma Fit Into Morocco’s Tourism Strategy?
Risma’s portfolio of roughly 21 hotels spans key Moroccan tourism markets including Casablanca, Marrakech, Rabat, Agadir and Fes, under Accor’s Sofitel, Novotel and ibis brand tiers, covering both business and leisure travel segments. Its growth strategy is closely tied to Morocco’s broader tourism ambitions, including major hotel capacity investment ahead of the country’s co-hosting of the 2030 FIFA World Cup alongside Spain and Portugal, which is expected to significantly increase inbound visitor demand and has made hospitality one of the more closely watched sectors on the Casablanca Stock Exchange.
How Big Is Risma’s Shareholder Base?
Following its 2006 IPO and a heavily oversubscribed early-2026 secondary offering (46.7 times covered, drawing more than 100,000 investors from 81 different nationalities), Risma has one of the more internationally diverse shareholder registers among Moroccan listed companies, a factor that has been cited as evidence of strong foreign investor confidence in Morocco’s tourism growth story.
Is Risma Publicly Traded and How Do I Find Its Financial Disclosures?
As a Casablanca Stock Exchange-listed company, Risma is required to publish periodic financial disclosures and governance reports, which are available through the exchange’s issuer disclosure system and Moroccan securities regulator (AMMC) filings; because a verified official corporate website and named CEO could not be confirmed from the sources reviewed for this profile, readers seeking the most current leadership and contact details should consult Risma’s Casablanca Stock Exchange filings directly rather than third-party aggregator sites.
Links
Website: Not publicly listed
Careers Page: Not found
LinkedIn: Not found
Email: Not publicly listed
FAQ
Is Risma a real company? Yes, it is Morocco’s leading listed hotel company, operating Accor-branded hotels.
Who is the CEO of Risma? Not publicly confirmed in available sources at time of research.
Where is Risma headquartered? In Casablanca, Morocco.
Is Risma publicly traded? Yes, on the Casablanca Stock Exchange since 2006.
Who owns Risma? Moroccan investment firm Mutris holds the roughly 33% stake formerly owned by Accor, alongside a broad public shareholder base.
Does Accor still operate Risma’s hotels? Yes, Risma’s hotels continue to operate under Accor brands and franchise/management agreements despite the 2023 ownership change.