Union Properties announced its success in reducing accumulated debts from 1.47 billion dirhams, achieved in 2022, to 575 million dirhams by December 2024.
This achievement is the result of a strategy aimed at the financial recovery of the company, improving its payment capacity and overall financial sustainability. The new strategy, based on effective asset and liabilities management, as well as plans for diversification and optimization of the asset portfolio, is one of the main reasons for the reduction of the company's long-term burden.
The top management of Union Properties emphasized that reaching this key goal demonstrates the company's determination to continue its path toward financial stability and sustainable growth. Strengthening the company's financial position also lays the foundation for realizing its long-term development plans.
"Reducing our debts to 575 million dirhams by December 2024 is a very significant step forward for Union Properties. Our company will continue to follow the chosen strategy to ensure stability and growth not only for itself but also for all stakeholders involved," noted one of the representatives of the company.
