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Moroccan billionaire Othman Benjelloun’s Bank of Africa will issue over 5.1 million free shares as it moves MAD51.2 million of reserves into capital.
Five African billionaires, including Morocco's King Mohammed VI and Femi Otedola, hold stakes worth about $14 billion in four of Africa's biggest banks.
Othman Benjelloun's Bank of Africa lifted first-half profit 10% to 2.5 billion dirhams as lower bad-loan charges offset a 37% fall in trading income.
Othman Benjelloun's O Capital Group ranked 21st on Forbes Middle East's 2026 Arab family business list as Morocco set a new record with five entries.
Othman Benjelloun built Morocco's Bank of Africa into a 32-country pan-African giant. At 93, the question of who leads it next is no longer avoidable.
Africa Morocco Link, co-owned by Othman Benjelloun's O Capital Group, plans a Morocco to Canary Islands route within 3 years as it expands its 2-ship fleet to 7 vessels.
Othman Benjelloun's O Capital Group has delivered Morocco's tallest building, a 250-meter skyscraper in Rabat inaugurated by the Crown Prince.
Othman Benjelloun's Bank of Africa ranked 88th in the Forbes Middle East 2026 list of the region's 100 most valuable companies.
Othman Benjelloun topped Morocco's 2026 billionaire rankings with a $1.7 billion fortune, ahead of Aziz Akhannouch and Anas Sefrioui, Forbes data shows.
Morocco’s richest man Othman Benjelloun sold his 500-hectare Quebec estate for $10.4 million, marking a profitable exit after 15 years.
Moroccan billionaire Othman Benjelloun’s Bank of Africa posts $247.5 million profit in H1 2025 with growth across markets.
At 93, Othman Benjelloun leads Bank of Africa and reclaims title as Morocco’s richest man with a $2 billion fortune.
Morocco’s wealthiest individuals are driving economic growth, influencing sectors like real estate, finance, energy, and pharmaceuticals, and enhancing Africa's economic footprint.
Anas Sefrioui returns to Africa’s billionaire list with a net worth of $1.7 billion, surpassing PM Akhannouch and banking tycoon Benjelloun.
With deep pockets and a sharp eye for opportunity, billionaire-backed banks are making a mark in corporate finance, wealth management, and financial inclusion.
Bank of Africa led by Moroccan billionaire Othman Benjelloun sees 31.4-percent surge in profit for H1 2024 despite tough economic conditions.