Moroccan tycoon Adil Douiri gains $1.27 million from Mutandis shares
Douiri, a leading politician and businessman who founded Mutandis in 2008, owns a 6.9-percent stake in the Casablanca-based consumer goods firm.
Douiri, a leading politician and businessman who founded Mutandis in 2008, owns a 6.9-percent stake in the Casablanca-based consumer goods firm.
With this recent bump in the market value of his stake, Adouiri cements his position as one of the richest investors in the Casablanca bourse.
Douri owns a 6.88-percent stake in the Moroccan consumer goods firm.
Douiri owns 6.88 percent of the consumer goods firm.
The market value of Douiri’s 6.88-percent interest in Mutandis is assessed at $15.36 million.
Mutandis has become a leading player in the Moroccan consumer goods market under Douiri’s leadership.
The market value of Douiri’s 6.88-percent stake in Mutandis is valued at $17.33 million.
Douiri is a venture capitalist and politician, who founded Mutandis as a packaged foods retailer in 2008.
Mutandis is an industrial group with operations in four business segments in the consumer goods industry.
Compared with last year, the group’s revenues improved by one percent.
The loss can be attributed to a decline in the Mutandis share price.