King Mohammed VI
Moroccan royal family’s investment in Attijariwafa Bank surges to $5 billion
The royal family’s stake in Attijariwafa Bank has increased by MAD2.18 billion ($217.23 million) over the past 19 days, reaching MAD50.18 billion ($5 billion).
Morocco’s royal family gains $158 million from Attijariwafa Bank
Notably, the bank’s shares on the Casablanca Stock Exchange recently saw a 3.31-percent increase, climbing from MAD480.5 ($47.752) on Jan. 29 to MAD496.4 ($49.33).
Morocco’s royal family gains $260 million from Attijariwafa bank in 18 days
Al Mada, the private company owned by members of the Alaouite royal family, owns 46.4 percent, or 97,433,137 units of the total issued and paid-up shares, of the bank.
Royal family of Morocco loses $119 million from stake in Attijariwafa Bank
Members of Morocco’s Alaouite royal family own a 46.5-percent stake in the financial services group through Societe Nationale d’Investissement.
10 richest Moroccans on the Casablanca Stock Exchange
This list spotlights the top 10 individuals who hold the most valuable portfolios on the Casablanca bourse, providing a unique insight into Morocco’s financial elite.
Moroccan royal family, chinese firm in $2-billion joint venture
Al Mada, the holding company of Morocco’s royal family, is partnering with CNGR Advanced Material Co. to establish an industrial base in Morocco.
Morocco’s king donates $98 million to earthquake victims
Morocco’s King Mohammed VI controls Al Mada, his royal family office which owns 49.59 percent of Attijariwafa, a Moroccan multinational bank.
Moroccan royal family firm to acquire stake in Senegalese food company
Al Mada, the private investment firm of the Moroccan royal family, has set up a new firm called Teralys to acquire a majority stake in Senegal’s Patisen.
Mining company controlled by Moroccan royal family acquires gold project in Senegal
Managem, controlled by the Moroccan royal family, has acquired control of the Boto gold property in Senegal for $197 million.
Fund set up by Moroccan King Mohammed VI to rescue hotel chains in distress
The Mohammed VI Investment Fund aims to revive activity in Morocco’s tourism sector.
Morocco’s King Mohammed VI extends philanthropic activities in Ghana
His foundation has donated provisions to a polyclinic in Nima in Greater Accra.
Nigeria to commission $1.3-billion fertilizer plant with Morocco
The plant will facilitate fertilizer production using gas reserves, improve Nigerian agriculture and enhance bilateral trade between the countries.