Moroccan royal family’s Attijariwafa Bank stake falls below $8 billion
The market value of Morocco’s royal family’s stake in Attijariwafa Bank has fallen below $8 billion after a recent slide in the lender’s share price.
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The market value of Morocco’s royal family’s stake in Attijariwafa Bank has fallen below $8 billion after a recent slide in the lender’s share price.
The royal family’s stake in Attijariwafa Bank has increased by MAD2.18 billion ($217.23 million) over the past 19 days, reaching MAD50.18 billion ($5 billion).
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.
Attijariwafa Bank is a Moroccan multinational commercial bank and financial services conglomerate based in Rabat, Morocco.