Morocco’s royal family makes over $230 million from Attijariwafa Bank shares

Feyisayo Ajayi -

Key Points:

  • Morocco’s royal family sees a $232 million boost thanks to rising shares of Attijariwafa Bank, the country’s leading bank.
  • Attijariwafa Bank shares jump 4.67% in the last 85 days, pushing market cap above $11 billion.
  • Bank’s strong performance year-to-date delivers 12% return to investors, highlighting its appeal.

The Alaouite royal family of Morocco has seen a notable surge in the market value of their investment in Attijariwafa Bank. This increase is attributed to a recent rise in the shares of the leading Moroccan bank on the Casablanca bourse.

According to data tracked by Billionaire.Africa, the royal family’s stake in Attijariwafa Bank has increased by MAD2.3 billion ($231.8 million) over the past 85 days, underscoring sustained investor interest in the leading bank stock on the local bourse.

This increase builds on a previous gain of $217.2 million recorded between Feb. 7 and 27, when the market value of the affluent family’s stake rose from MAD48 billion ($4.78 billion) to MAD50.2 billion ($5 billion).

Attijariwafa Bank gains boost Moroccan Royal family wealth

Attijariwafa Bank, Morocco’s largest bank and the fifth-largest in Africa, boasts a century of expertise and a global presence with 20,125 employees across 25 countries. Headquartered in Rabat, the bank serves a diverse clientele of 10 million retail, professional, corporate, and institutional customers.

The Alaouite royal family is the largest shareholder in Attijariwafa Bank, holding 46.5 percent stake or 97,433,137 shares in the financial services group through Societe Nationale d’Investissement (Al Mada), a private equity firm engaged in strategic investments across vital sectors of Africa’s economy.

Attijariwafa Bank shares are up 4.67%

In the last 85 days, Attijariwafa Bank shares on the Casablanca bourse have increased by 4.67 percent, rising from MAD492 ($49.5) on March 11 to MAD515 ($51.8), propelling the group’s market cap above $11 billion and returning significant gains to shareholders.

As a result of the single-digit surge in the bank’s shares, the market value of the stake held by the Moroccan royal family has risen by MAD2.3 billion ($231.79 million) over the past 85 days, from MAD49.27 billion ($4.96 billion) on March 11 to MAD51.6 billion ($5.2 billion). This cements the family’s position among the world’s wealthiest royal families.

Your Money and Your Life: 12 percent return for investors

Attijariwafa Bank is one of the standout performers in the Moroccan market, delivering an 11.96 percent year-to-date return to its investors. This underscores investor interest in the group’s strategic vision and operational performance.

A $100,000 investment in Morocco’s largest bank at the beginning of the year would now be valued at $111,957, representing a gain of $11,957.