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.
Amor founded Microdata in 1991 and has played a critical role in the growth and expansion of the Moroccan technology sector.
Amor holds a 56.17-percent stake in the company.
Benjelloun, the founder and general manager of Disway, owns 7.36 percent of the company’s total equity,
Amor owns a 56.17-percent stake in Microdata.
As the company’s founder and chairman, he owns 56.17 percent of the Casablanca-based IT services business.
Amor’s 56.17-percent stake in Microdata is valued at $50.5 million.
Benjelloun owns 7.36 percent of the company, or 138,822 ordinary shares.