Morocco’s second-richest man Othman Benjelloun gains $117 million from BOA stake
Benjelloun owns a 27.41-percent stake in Bank of Africa. This stake translates to 57,214,615 shares in the financial services conglomerate.
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Benjelloun owns a 27.41-percent stake in Bank of Africa. This stake translates to 57,214,615 shares in the financial services conglomerate.
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.
Benjelloun derives most of his wealth from his investment in BMCE Group.
Bank of Africa is a pan-African multinational banking conglomerate.
Among them is Zimbabwe’s richest man Strive Masiyiwa, the world’s 2,257th wealthiest person.
The Moroccan billionaire derives the majority of his wealth from his investment in BMCE Group.
BMCE Group is Morocco’s largest financial services provider.
The fund will be raised from renowned Moroccan investors and institutional financial organizations.
Benjelloun, one of Africa’s richest billionaires, has a net worth of $2 billion.
Elalamy is the founder and owner of Saham Group, one of Morocco’s leading insurance service providers.
Bank of Africa is a multinational pan-African banking conglomerate with operations in 18 African countries.