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Morocco
The king's brother, Moulay Rachid, is first aboard in Boeing industrial ecosystem

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“Makhzen Inc. or the ever more prosperous business empire of Mohammed VI's entourage”
Morocco

Makhzen Inc. or the ever more prosperous business empire of Mohammed VI's entourage

Mohammed VI's private holding company Al Mada is not the only one of its kind! Although Al Mada plays an ever more important role in the Moroccan economy, other members of the royal family are battling for leading roles in an increasing number of different economic sectors, including property, tourism, higher education and even aviation. The king's private secretary, Mounir el-Majidi, who also heads Al Mada, is notmissing out either. He has built up a little telecommunications empire, while members of his clan have gone into construction and security, often as sub-contractors to the companies of the royal family. [...]
Prince Moulay Rachid, Mohammed VI's brother.
Prince Moulay Rachid, Mohammed VI's brother. © JULIEN WARNAND/EPA/Newscom/MaxPPP
Mohammed VI's younger brother, who is the majority shareholder in TDM Aerospace, is set to become Boeing's first direct supplier in Morocco, thus claiming a prime position in Morocco's nascent aviation industry. [...]
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Read this article in our running story
“Makhzen Inc. or the ever more prosperous business empire of Mohammed VI's entourage”
Morocco

Makhzen Inc. or the ever more prosperous business empire of Mohammed VI's entourage

Mohammed VI's private holding company Al Mada is not the only one of its kind! Although Al Mada plays an ever more important role in the Moroccan economy, other members of the royal family are battling for leading roles in an increasing number of different economic sectors, including property, tourism, higher education and even aviation. The king's private secretary, Mounir el-Majidi, who also heads Al Mada, is notmissing out either. He has built up a little telecommunications empire, while members of his clan have gone into construction and security, often as sub-contractors to the companies of the royal family. [...]

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In Focus | Africa, Morocco
Banking magnate Othman Benjelloun settles his succession in Casablanca and Luxembourg

Othman Benjelloun, chairman and CEO of BMCE Bank of Africa, has completed the reorganisation of his holding company O Capital, with its twin head offices in Morocco and Luxembourg. The handover of his fortune to his heirs has been settled but the future of his bank, the group's flagship, remains uncertain.

LogoSubscribers only Finance, Business 14.03.2022
BMCE Bank of Africa boss Othman Benjelloun.

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