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MOROCCO

Abdelkader Boukhriss expected to replace king's favourite trustee Moulaye Abdallah Lalami at SFM

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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.
Abelkader Boukhriss is expected to take over the leadership of the Société Fiduciaire du Maroc (SFM).
Abelkader Boukhriss is expected to take over the leadership of the Société Fiduciaire du Maroc (SFM). © Mustapha Razi/Story&Brands
Moulaye Abdallah Lalami died last month. He was head of Société Fiduciaire du Maroc (SFM) and keeper of the royal holding Al Mada and the royal family's financial secrets. Abdelkader Boukhriss is slated to replace him. [...] (480 words)
Issue dated 05/09/2022 Reading time 2 minutes
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