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King Mohammed VI is Africa's wealthiest monarch. Through Al Mada, he controls a sprawling empire stretching from Casablanca's biggest bank to EV battery plants.
Morocco’s Al Mada promoted deputy CEO Noufissa Kessar after Hassan Ouriagli’s death, betting on continuity at one of Africa’s biggest investors.
Alaouite family’s stake in Attijariwafa Bank rises $2.2 billion, reflecting strong bank performance and strategic investments.
YoLa Fresh, a Moroccan agritech startup owned by Youssef Mamou and Larbi Alaoui Belrhiti, secured a $7-million pre-Series-A funding round.
Members of Morocco’s Alaouite royal family own a 46.5-percent stake in the financial services group through Societe Nationale d’Investissement.
Al Mada, the holding company of Morocco’s royal family, is partnering with CNGR Advanced Material Co. to establish an industrial base in Morocco.
Morocco’s King Mohammed VI controls Al Mada, his royal family office which owns 49.59 percent of Attijariwafa, a Moroccan multinational bank.
Al Mada, the private investment firm of the Moroccan royal family, has set up a new firm called Teralys to acquire a majority stake in Senegal’s Patisen.
Managem, controlled by the Moroccan royal family, has acquired control of the Boto gold property in Senegal for $197 million.
Under the direction of Morocco’s King Mohammed VI, Al Mada has grown into a leading African private investment fund.
The bank’s share price has risen by about six percent since April 1.