Latest news with #FinanceCom
Ya Biladi
14-05-2025
- Business
- Ya Biladi
Three Moroccan family firms ranked in Forbes' Top 100 Arab Businesses
Three Moroccan family businesses have secured spots on Forbes Middle East's 2025 list of the Top 100 Arab Family Businesses. Leading the Moroccan entries is O Capital Group, headed by billionaire financier Othman Benjelloun. Ranked 23rd, the group emerged in 2021 following the merger of FinanceCom and Holding Benjelloun Mezian. O Capital Group now holds a 7.16% stake in Bank of Africa and oversees the development of the Mohammed VI Tower through its subsidiary, O Tower. As of April 2025, the Benjelloun family's net worth was estimated at $1.6 billion. The second Moroccan family business on the list is Holmarcom Group, led by Mohamed Hassan Bensalah, which ranks 80th. Founded nearly six decades ago, the group operates in finance, agro-industry, logistics, and real estate. It holds majority shares in AtlantaSanad Assurance and Crédit du Maroc. Coming in at 84th is Diana Holding, chaired by Rita Maria Zniber. Established in 1956 by her late husband, Brahim Zniber, the group has grown into a major agro-industrial player, managing over 8,300 hectares of farmland and employing around 7,200 people. Overall, the list is dominated by companies from the GCC region.
Ya Biladi
02-04-2025
- Business
- Ya Biladi
Akhannouch ranks as Morocco's third richest, after Benjelloun and Sefrioui: Forbes
The 2025 annual Forbes list of the world's billionaires includes three Moroccans with fortunes exceeding $1 billion: Othman Benjelloun, Anas Sefrioui, and Aziz Akhannouch. At the top of the list is Othman Benjelloun, with an estimated net worth of $1.6 billion, up from $1.4 billion in 2024. He ranks 14th in Africa and 2,110th globally. Benjelloun is the CEO of BMCE Bank of Africa, which operates in over 20 African countries. Through his holding company, FinanceCom, he also holds a stake in the Moroccan branch of the French telecommunications company Orange. Anas Sefrioui also shares the top spot with Benjelloun, with a net worth of $1.6 billion (ranked 14th in Africa and 2,110th globally). Sefrioui is the founder and CEO of Douja Group, a publicly traded company that has prospered thanks to government contracts. He built his wealth by developing affordable housing projects across Morocco. Prime Minister Aziz Akhannouch comes in third, with a fortune of $1.5 billion, down from $1.7 billion in 2024. He ranks 16th in Africa and 2,233rd globally. Akhannouch is the main owner of Akwa Group, a multi-billion-dollar conglomerate founded by his father and business partner Ahmed Wakrim in 1932. The group has investments in the petroleum, gas, and chemical industries through its publicly traded companies Afriquia Gaz and Maghreb Oxygène.
