The Alaouite household, Morocco’s royal household, lengthy considered Africa’s wealthiest royal family, has loved a formidable improve in fortune this yr, with estimated positive factors of $2.2 billion from the household’s stake in Attijariwafa Financial institution.
The rise comes as shares of the Casablanca-based lender proceed to climb, reflecting each investor confidence within the financial institution and cautious administration of the monarchy’s investments. By means of Société Nationale d’Investissement (Al Mada), the royal household not directly owns 46.5 % of Attijariwafa Financial institution, a stake now valued at roughly $8.6 billion.
Attijariwafa Financial institution’s market cap hits $17.5 billion
Headquartered in Rabat, Attijariwafa Financial institution is Morocco’s largest monetary establishment and ranks amongst Africa’s high 5 banks by market worth. The financial institution employs greater than 20,000 folks and operates in 25 nations, serving practically 10 million particular person and company purchasers. Its enterprise covers retail banking, company finance, and cross-border providers, making it a cornerstone of Morocco’s monetary system and a distinguished participant throughout the continent.
Because the starting of the yr, Attijariwafa Bank’s share price has risen 34 %, shifting from MAD583 ($64.6) to MAD781 ($86.6). This progress has lifted the financial institution’s market capitalization to $17.5 billion, delivering sturdy returns for main shareholders, together with the royal household. The Alaouite household’s stake has grown from MAD58.4 billion ($6.4 billion) to MAD78.2 billion ($8.6 billion) in simply eight months—a $2.2 billion improve.
Lengthy-term technique pays off
The rise in Attijariwafa Bank’s inventory displays not simply the financial institution’s strong efficiency but additionally the royal household’s affected person and deliberate method to investing. Through the years, the Alaouites have maintained pursuits throughout banking, telecommunications, power, and actual property, prioritizing regular progress and long-term stability over fast earnings.
This yr, the royal household’s $2.2 billion acquire from their stake in Attijariwafa Financial institution underscores Morocco’s rising position in Africa’s monetary sector and highlights the monarchy’s affect on the nation’s economic system. Because the financial institution continues to carry out strongly, the stake is more likely to stay a key pillar of the household’s wealth and strategic investments in Morocco and past.
