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The Alaouite royal family of Morocco, Africa’s richest royal household, has seen its fortune swell in recent months. A rally in Attijariwafa Bank’s shares on the Casablanca bourse has added $1.63 billion to the market value of the family’s stake, lifting his stake to more than $8 billion.
The family owns an indirect 46.5 percent share in Attijariwafa Bank, about 100.1 million shares, through its investment arm Société Nationale d’Investissement (Al Mada). Over the past six months, the market value of that stake has climbed by MAD14.71 billion ($1.63 billion), reinforcing their standing among the richest royals worldwide.
Attijariwafa Bank’s market cap climbs to $17 billion
Attijariwafa, based in Rabat, is Morocco’s largest lender and one of Africa’s most valuable financial institutions. It employs more than 20,000 people across 25 countries and serves close to 10 million clients ranging from households to multinational corporations. Its scale and reach have made it a top player in Morocco’s banking sector.
The stock’s rally has been steady. In the last 22 weeks, Attijariwafa’s share price has advanced 23.3 percent, moving from MAD630.10 ($69.98) on April 11 to MAD777 ($86.29) by early September. That gain pushed the bank’s market capitalization to about $17 billion, rewarding investors who held on during the climb.
For the royal family, the effect is particularly clear. The value of their stake rose from MAD63.39 billion ($7 billion) in April to MAD77.81 billion ($8.64 billion). That jump of more than $1.6 billion in under half a year reflects the strength of Morocco’s leading bank and the role it plays in wealth creation for its largest shareholders.
Casablanca lender delivers 2025 stock gains
Attijariwafa Bank shares have risen 27.6 percent in 2025, making it one of the top performers on the Casablanca Stock Exchange. A $100,000 investment in the bank at the start of the year would now be worth about $127,610.
The gain reflects investor confidence in the lender’s retail, corporate and investment banking operations. It also highlights Casablanca’s role as a center for regional capital flows as investors seek returns in a weaker global market.
