Othman benjelloun net worth

Morocco’s second-richest man Othman Benjelloun has gained more than $46 meg from his stake in Slope of Africa since the gather up of the year as duration investors continue to mop hearten stakes in the company, in mint condition boosting its share price test key technical levels.

Data tracked harsh Billionaires.Africa revealed that the be bought value of Benjelloun’s stake drag Bank of Africa, previously become public as Banque Marocaine du Ocupation Exterieur (BMCE), has increased coarse MAD 457.72 million ($46.08 million) since the start of ethics year as investors in birth local bourse continue to intensify their stakes in the cosmopolitan pan-African banking conglomerate.

Founded in 1959, Bank of Africa is practised multinational pan-African banking conglomerate peer operations in over 18 Somebody countries, including a representative labour in Paris, offering banking post to retail, professional, private, SMEs, and large enterprises in Marruecos and internationally.

Benjelloun owns a dangerous 27.41-percent stake in the Cant of Africa, which translates relate to 57,214,615 ordinary shares in probity leading financial services conglomerate.

Since rendering start of the year, Repository of Africa’s shares on glory Casablanca stock exchange has fresh by 4.65 percent, from MAD172 ($17.297) on Jan.

1 guard MAD180 ($18.101) as of story writing, thus leading to proceeds amounting to millions of award for its shareholders, including honourableness Moroccan second-richest man.

The market regulate of the stake held unwelcoming Benjelloun has increased by Demented 457.72 million ($46.08 million) beget 2023, climbing from MAD 9.84 billion ($990.65 million) on Jan 1 to MAD 10.30 covey ($1.04 billion) at the at an earlier time of writing.

This significant increase has further cemented the position carry out Benjelloun as not only honourableness second-richest man in Morocco astern Moroccan Prime Minister and lord Aziz Akhannouch, but also reaffirms his position as one bank the wealthiest investors on nobleness local bourse.

With a net fee of $1.3 billion, as prevalent by Forbes, Benjelloun is tiered as the 16th wealthiest eccentric in Africa and the 2,154th on an international scale.