Moroccan real estate tycoon Alami Lazraq gains $5.7 million from ADI stake
Lazraq, a Moroccan real estate mogul who founded Alliances Group in 1994, owns 51.7 percent of the group’s publicly traded subsidiary, ADI.
Morocco
Morocco’s second-richest man Othman Benjelloun gains $46 million from BOA stake
With a net worth of $1.3 billion, Benjelloun is ranked as the 16th wealthiest individual in Africa and the 2,154th on a global scale.
Moroccan PM Aziz Akhannouch suffers $12-million loss from Afriquia Gaz stake
Akhannouch, appointed prime minister of Morocco in September 2021, derives the majority of his fortune from the Akwa Group.
Moroccan pharma tycoon Lamia Tazi suffers $9-million loss from Sothema stake
Tazi owns a substantial 8.4-percent stake in the leading healthcare company, or 605,030 issued shares.
Moroccan tycoon Anas Sefrioui’s stake in Casablanca-based firm surges by $100 million
Sefrioui, one of Morocco’s wealthiest businessmen, owns a 64.1-percent stake in the Moroccan property developer.
Alami Lazraq scores $40-million gain from stake in Casablanca property developer
Lazraq, who controls 51.7 percent of ADI, owns 11,410,669 ordinary shares of the company valued at more than $100 million.
The 10 richest Moroccans on the Casablanca Stock Exchange
Billionaires.Africa presents its ranking of the 10 richest investors on the Casablanca Stock Exchange in 2023.
Fund set up by Moroccan King Mohammed VI to rescue hotel chains in distress
The Mohammed VI Investment Fund aims to revive activity in Morocco’s tourism sector.
Five most popular hotels for ultra-wealthy individuals in Africa
South Africa remains the top luxury tourist destination in Africa.
Nigerian tycoon Temitope Lawani’s Helios buys stakes in two data centers in Kenya, Morocco
Helios Investment is one of the largest Africa-focused private investment firms.
Egyptian billionaire Naguib Sawiris looks to invest $100 million in Morocco’s tech sector
Sawiris recently announced the planned investment move.
Moroccan pharmaceutical tycoon Lamia Tazi loses $9.4 million from her stake in Sothema
Tazi owns a sizable 3.93-percent stake in the company, totaling 282,644 shares.
Moroccan tycoon Adil Douiri’s Mutandis posts $42 million in revenue in Q1 2022
The market value of Douiri’s 6.88-percent interest in Mutandis is assessed at $15.36 million.
Moroccan billionaire Alami Lazraq gains $42.2 million from stake in Casablanca-based home builder
Lazraq is one of Morocco’s wealthiest businesspeople.
Moroccan businesswoman Lamia Tazi’s Sothema records over $217 million in revenue in 2021
Sothema produces over 60 million units of pharmaceuticals yearly.