Quarry Exploitation : Africorp Consortium Sells 20% of Its Subsidiary Granal to RMPE

Granal, a major player in quarry exploitation and a subsidiary of Africorp Mining, part of the Africorp Consortium holding company chaired by Saad Berrada Sounni, the majority shareholder, announced on Tuesday the entry of the investment fund Colombus 1, managed by Red Med Private Equity (RMPE), with a 20% stake in its capital.

This strategic operation will allow Granal to accelerate its development plan for 2025-2027, strengthening its territorial network and consolidating its key role in supporting Morocco’s infrastructure, according to a joint statement.

Thanks to this partnership, Granal will be able to intensify its presence across the national territory and internationally in the coming years to be closer to its customers and diversify its product offerings to better meet the market’s needs for construction materials.

The company plans to open new sites while diversifying its activities, marking a strategic step towards vertical integration of its operations.

Quoted in the statement, Omar Lahlou, President of Granal, emphasized that this operation marks a major milestone in Granal’s trajectory.

«The entry of Red Med Private Equity (RMPE) brings us strategic resources to pursue our expansion, strengthen our proximity to our customers, and support the development of Moroccan infrastructure with quality materials, derived from proven expertise» , he specified.

For his part, Jaafar Harti, CEO of Africorp Consortium, stated: «Granal’s development reflects Africorp’s vision: structuring excellence poles and supporting the country’s development».

According to him, this partnership with RMPE allows Granal to consolidate its position and continue deploying across the territory, anticipating the needs of the infrastructure and construction sectors.

Mohamed Nasset, Managing Partner of Red Med Private Equity, said: «Through this fourth investment of Fund Colombus 1, we continue our strategy of supporting national SMEs in implementing strategic and ambitious industrial projects that create value, both for our stakeholders and shareholders».

And he continued: «Our partnership with Africorp Consortium combined with a top-quality management team will enable Granal to confirm its position as a reference actor in the construction materials sector».

Since its creation, Granal has established itself as an indispensable player in the sector. From a single exploitation site to nine today, the company has built a territorial network covering Benslimane, Tangier, and Khemisset, and plans new sites.

Under the direction of Mounir El Grioui, General Manager of Granal, the company has forged a reputation for excellence in quarry exploitation and industrial innovation. «At Granal, we have always relied on the expertise of our teams and proximity to our customers. Thanks to this new dynamic, we will continue to structure our offerings and anticipate the needs of the infrastructure market», he explained.

The entry of RMPE into Granal’s capital thus fits into a shared ambition of sustainable and structured growth, serving the development of Morocco’s infrastructure.