The acquisition marks a strategic shift for Saham Group as it absorbs all activities, client portfolios, and employees of the acquired entities.
Moroccan billionaire
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- Hot News
Moroccan billionaire Othman Benjelloun’s Bank of Africa records $1.67-billion revenue in 2023
The board of Bank of Africa led by Othman Benjelloun recommends $0.3952/share dividend.
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Tazi’s recent financial gains are tied to the surge in Sothema’s stock on the Casablanca bourse.
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The $100-million decline in Akhannouch’s net worth is primarily attributed to the revaluation of his holdings in Akwa Group.
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Benjelloun, who serves as the chairman of Bank of Africa, holds a noteworthy 27.41-percent stake in the institution, or 57,214,615 ordinary shares.
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Benjelloun, a leading Moroccan billionaire and the driving force behind BOA Group, holds a significant 27.41-percent stake in the leading group.
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Despite the decline in the market value of his stake – Sefrioui remains one of the richest investors on the Casablanca bourse …
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Tazi, the CEO and chairperson of Sothema holds a substantial 8.4-percent stake in the leading healthcare company.
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From the multibillion-dollar Akwa Group to influential ventures in chemicals, mining, tourism, and media, discover the man behind the $1.7-billion fortune.
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The multimillion-dollar increase in Akhannouch’s net worth has cemented his position as the wealthiest billionaire in Morocco.