Moroccan tech tycoon Karim Benjelloun’s Disway to distribute $6.6 million in dividends
The decision follows a recommendation from the board of directors in a recently published financial update on the Casablanca bourse.
The decision follows a recommendation from the board of directors in a recently published financial update on the Casablanca bourse.
Disway is a major technology player in the Maghreb region.
Benjelloun owns 7.36 percent of the company, or 138,822 ordinary shares.
Disway distributes technological products and offers a wide range of international brands from IT publishers and manufacturers.
At the end of 2021, Disway, Morocco’s first technology distributor, recorded a revenue of about $190 million.
Disway’s market cap is $150.3 million, while Benjelloun’s 7.36-percent stake is worth $11.1 million.
The company reported a growth in revenue as chip shortages rock the global technology industry.