The 10 richest Moroccans on the Casablanca Stock Exchange
Billionaires.Africa presents its ranking of the wealthiest Moroccan investors on the Casablanca Stock Exchange (CSE). The data used for this analysis is sourced from our data provider, S&P Global Market Intelligence, as well as publicly available documents and disclosures. The valuation of their shares is determined by the prices recorded at the close of trading on June 26, with the valuations converted to U.S. dollars at the prevailing exchange rates.
It is important to note that Billionaires.Africa focuses on individual ownership rather than multi-generational family fortunes. In cases where the breakdown of ownership among siblings or couples is unclear, we attribute the fortune to the most prominent and visible member of the family.
Here are the 10 individuals who currently hold the highest stock ownership positions on the Casablanca Stock Exchange.
1. King Mohammed VI
Net worth on the CSE: $6.5 billion
Holdings: Attijariwafa bank, Managem, Wafa Assurance
Through Al Mada, his royal family office, King Mohammed VI of Morocco lays claim to the largest fortune by any Moroccan on the Casablanca Stock Exchange. He owns 49.59 percent of Attijariwafa, a Moroccan multinational commercial bank and financial services company. The value of his shares in Attijariwafa exceeds $4.5 billion. His other assets in public-quoted companies include an 81.4-percent stake in mining company Managem, which is currently worth more than $1.6 billion, and an indirect 39.6-percent shareholding in Wafa Assurance, which is worth over $442.4 million.
2. Othman Benjelloun
Net worth on the CSE: $1.06 billion
Holdings: Bank of Africa
At 90, Morrocan billionaire Othman Benjelloun still serves as Chairman and CEO of BMCE Bank of Africa, which has a presence in over 20 African countries. He owns a 27.41-percent stake in Bank of Africa, currently worth $1.06 billion.
3. Anas Sefrioui
Net worth on the CSE: $252.4 million
Holdings: Douja Prom Addoha
Anas Sefrioui is the general president of the publicly traded homebuilder Groupe Addoha. He owns a 64.1-percent stake in the company, currently worth $252.4 million.
4. Aziz Akhannouch
Net worth on the CSE: $433.1 million
Holdings: Afriquia Gaz
Aziz Akhannouch, the Prime Minister of Morocco, owns an indirect 30-percent stake in Afriquia Gaz through his ownership of Akwa Group, a Moroccan conglomerate. The 30 percent of Afriquia Gaz that he holds is worth $433.1 million.
5. Mohamed Ben Thami Tazi
Net worth on the CSE: $161 million
Holdings: Societe de Therapeutique Marocaine SA (SOTHEMA)
Mohamed Tazi is the son of Omar Tazi, the founder of the Moroccan pharmaceutical company Societe de Therapeutique Marocaine SA (Sothema). He owns 18.1 percent of the corporation, a stake worth $161 million. Tazi and his siblings are among the wealthiest people on the Casablanca Stock Exchange due to shares left to them by their father.
6. Said ALJ
Net worth on the CSE: $145 million
Holdings: Unimer Group
Said ALJ, a highly influential businessman in Morocco founded Unimer Group. Unimer Group is a company that manufactures and distributes canned food. It produces canned seafood and canned vegetables. Unimer is most famous for manufacturing and exporting the ‘Titus brand of canned Sardines to various West African countries. Said ALJ owns a 79.79-percent stake in Unimer Group, listed on the Casablanca Stock Exchange. His shares in the company are worth $145 million.
7. Alami Lazraq
Net worth on the CSE: $93.9-million
Holdings: Alliances Developpement Immobilier
Mohamed Alami Nafakh Lazraq is the founder of Alliances Developpement Immobilier, a company that is engaged in the development, building, marketing, and managing of commercial and residential assets, as well as tourist property. He owns 51.7 percent of the company. His stake is currently valued at $93.9 million.
8. Najia Tazi
Net worth on the CSE:$87.2 million
Holdings: Societe de Therapeutique Marocaine SA (SOTHEMA)
Najia Tazi owns a 9.8137-percent stake in Societe de Therapeutique Marocaine SA (SOTHEMA), worth $87.2 million.
9. Lamia Tazi
Net worth on the CSE:$72.7 million
Holdings: Societe de Therapeutique Marocaine SA (SOTHEMA)
Lamia Tazi owns an 8.1-percent stake in Societe de Therapeutique Marocaine SA (SOTHEMA) worth $72.7 million.
10. Salma Tazi
Net worth on the CSE:$62.2 million
Holdings: Societe de Therapeutique Marocaine SA (SOTHEMA)
Salma Tazi owns 7.0043 percent of Societe de Therapeutique Marocaine SA (SOTHEMA), a stake worth $62.2 million.