Statement from the Competition Council regarding the economic concentration project concerning the acquisition by the company “Pick Albatros Holding For Financial Investments”, through its subsidiary “Albatros Hospitality SA”, of assets related to part of the hotel activity of the company “Risma SA”

In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 issued for its implementation, as amended and supplemented, the Competition Council makes available to the public the “summary of the operation” below, containing the information provided by the parties.

This information has been prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation.

The publication of this statement does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 issued for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented.

Names of the companies and groups involved:

• The indirect acquirer: “Pick Albatros Holding For Financial Investments”;
• The direct acquirer: “Albatros Hospitality SA”;
• The target assets: The hotel asset “Sofitel Casablanca Tour Blanche” including the related real estate and commercial assets, owned by the company “Risma SA”.

Nature of the operation

• Acquisition of asset elements.

Economic sectors concerned

• Hotel industry.

Deadline for interested third parties to submit their observations

• 10 days from the date of publication of this statement, i.e. April 20, 2026.

NON-CONFIDENTIAL SUMMARY PROVIDED BY THE PARTIES

The Competition Council received notification of a project of economic concentration operation concerning the acquisition by the company “Pick Albatros Holding For Financial Investments”, through its subsidiary “Pick Hospitality SA”, of assets related to the hotel property “Sofitel Casablanca Tour Blanche” as well as the related real estate and commercial assets owned by the company “Risma SA”.

“Pick Albatros Holding For Financial Investments” is an Egyptian company, headquartered at Heliopolis, 10 Obour Buildings Salah Salem, Cairo in Egypt, and registered in the Cairo Commercial Register under number 401630. It is active in the development and management of hotel establishments in Egypt and Morocco.

“Albatros Hospitality SA” is a Moroccan joint-stock company, with its headquarters at Résidence Bougainvillier, apartment 33, 4^th floor, office no. A5, right side, Lotissement Bouizgaren, route de Safi, Marrakech, and registered in the Marrakech Commercial Register under number 178371.

The assets concerned include the hotel asset “Sofitel Casablanca Tour Blanche”, including the related real estate and commercial assets, owned by the company “Risma SA”.

“Risma SA” is a Moroccan joint-stock company with a management board and supervisory board, headquartered at 240, Boulevard Zerktouni, 7th floor, Casablanca, and registered in the Casablanca Commercial Register under number 98309. It is a hotel operator active in the development, ownership, and operation of hotel establishments in Morocco under various international brands.

 

Done in Rabat on April 9, 2026