At a Glance
- Akdital plans 2,700 new beds across Morocco by 2027 to meet rising demand.
- Expansion targets cardiology, oncology, neurosurgery, intensive care, and neonatal services nationwide.
- Gulf projects include Saudi Arabia hospital build and oncology center by 2027.
Akdital, Morocco’s largest private hospital operator led by businessman Rochdi Talib, has secured $130 million through a private bond to accelerate hospital expansion in Morocco and the Gulf.
The funding will finance new facilities, acquisitions, and specialized services including cardiology, oncology, neurosurgery, and intensive care.
The group recently made it to the Saudi Arabian market in a $1.4 billion partnership aimed at developing and managing a network of multidisciplinary hospitals across the Kingdom by 2030.
Building capacity in a system under pressure
The seven-year, non-convertible bond, arranged by CFG Finance, CFG Bank, and Valoris Securities, is structured to diversify funding sources and lower borrowing costs.
Akdital plans to add 2,700 beds between 2025 and 2027, starting with 405 new beds in early 2025. This will bring total capacity to roughly 6,400 beds, improving access in a country where hospital availability remains below the MENA average of 1.5.
The three-year, MAD3.4 billion ($367.65 million) investment plan focuses on major and mid-sized cities and targets high-demand specialties including cardiology, oncology, neurosurgery, intensive care, and neonatology. Akdital already operates 41 facilities across 24 cities, offering more than 4,000 beds.
Talib said the expansion reflects Morocco’s uneven access to care. “Our strategy combines new builds, acquisitions and standardized operations to grow capacity and reduce pressure on the public system,” he said.
Crossing borders: A Gulf expansion strategy comes into focus
Part of the bond proceeds will support Akdital’s entry into the Gulf. The company is moving forward with two projects in Saudi Arabia: a multidisciplinary hospital and an oncology center planned for 2027, and the acquisition of an existing hospital expected by the end of 2025. These projects will require an additional 1.2 billion dirhams.
The Gulf expansion allows Akdital to enter markets with higher insurance coverage, greater healthcare spending, and rising demand for specialist care. It also provides access to more advanced financing options to support long-term growth.
Strengthening Morocco’s medical infrastructure
Akdital has reported strong results alongside its expansion. Revenue climbed 55 percent to $319.6 million in 2024, while consolidated net income rose 76 percent to $37.6 million. The new bond is expected to strengthen the balance sheet by extending debt maturities and reducing reliance on short-term bank loans.
Industry analysts say private healthcare providers like Akdital are increasingly important in countries where public capacity lags demand. They caution, however, that challenges remain, including staff shortages, regional disparities, and rising costs.
Leadership and outlook: From national operator to regional healthcare platform
Founded by Talib, Akdital is evolving from a domestic clinic operator into a broader North African healthcare platform. Its expansion within Morocco, coupled with first steps into international markets, marks a clear plan to build a regional network rooted in local expertise.
The $130 million bond represents a key milestone — reinforcing Akdital’s financial position, accelerating growth, and positioning it as a leading private-sector contributor to the future of healthcare in Morocco and beyond.
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