
Moroccan pharma tycoon Lamia Tazi suffers $3-million loss from Sothema stake
Tazi, the CEO and chairperson of Sothema holds a substantial 8.4-percent stake in the leading healthcare company.
Tazi, the CEO and chairperson of Sothema holds a substantial 8.4-percent stake in the leading healthcare company.
From the multibillion-dollar Akwa Group to influential ventures in chemicals, mining, tourism, and media, discover the man behind the $1.7-billion fortune.
The multimillion-dollar increase in Akhannouch’s net worth has cemented his position as the wealthiest billionaire in Morocco.
Benjelloun owns a significant 27.41-percent stake in Bank of Africa.
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).
Douiri, a leading politician and businessman who founded Mutandis in 2008, owns a 6.9-percent stake in the Casablanca-based consumer goods firm.
This remarkable increase has translated into substantial gains for the bank’s shareholders, including Benjelloun, who ranks as one of Africa’s billionaires.
Benjelloun, who ranks as Morocco’s second-richest individual, owns a significant 27.41-percent stake in Bank of Africa.
Akhannouch — appointed prime minister of Morocco in September 2021 — derives part of his billion-dollar fortune from the Akwa Group.
Akhannouch indirectly owns shares in Afriquia Gaz SA and Maghreb Oxygene through the multibillion-dollar conglomerate Akwa Group.
According to recent stock market data, Benjelloun owns a significant 27.41-percent stake in the Bank of Africa.
Lazraq, who founded Alliances Group in 1994, owns 51.7 percent of the group’s publicly traded subsidiary, ADI.
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.
Despite the recent decline in his stake in ADI, Lazraq remains one of the Casablanca bourse’s richest investors and one of Morocco’s wealthiest businessmen.
Sefrioui, one of Morocco’s wealthiest businessmen, owns a 64.1 percent stake in the Moroccan property developer.
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.