Moroccan prime minister Aziz Akhannouch’s Afriquia Gaz stake falls below $430 million
Despite the recent decline, Akhannouch remains a prominent investor on the Casablanca bourse and one of the nation’s wealthiest business figures.
Despite the recent decline, Akhannouch remains a prominent investor on the Casablanca bourse and one of the nation’s wealthiest business figures.
The $100-million decline in Akhannouch’s net worth is primarily attributed to the revaluation of his holdings in Akwa Group.
Akhannouch derives the majority of his fortune from Akwa Group, a multibillion-dollar conglomerate founded in 1932 by his father.
Akhannouch’s net worth has fallen by $400 million since the start of 2022.
Akhannouch is a leading businessman who was appointed prime minister of Morocco in September 2021.
Akhannouch remains one of the richest investors on the Casablanca bourse and one of Morocco’s richest businessmen.