Morocco’s royal family’s stake in Attijariwafa Bank gains $1.08 billion in 2024
This highlights Attijariwafa Bank’s position as a leading North African financial institution and the royal family’s key role in the region’s economy.
This highlights Attijariwafa Bank’s position as a leading North African financial institution and the royal family’s key role in the region’s economy.
This increase is attributed to a recent surge in the shares of the leading Moroccan bank on the Casablanca bourse.
The royal family’s stake in Attijariwafa Bank has increased by MAD2.18 billion ($217.23 million) over the past 19 days, reaching MAD50.18 billion ($5 billion).
Notably, the bank’s shares on the Casablanca Stock Exchange recently saw a 3.31-percent increase, climbing from MAD480.5 ($47.752) on Jan. 29 to MAD496.4 ($49.33).
Members of Morocco’s Alaouite royal family own a 46.5-percent stake in the financial services group through Societe Nationale d’Investissement.
Members of Morocco’s Alaouite royal family own a 46.5-percent stake in the financial services group through Societe Nationale d’Investissement.
However, the Alaouite Royal Family remains Morocco’s wealthiest family.
The Alaouite Royal Family owns a 45.3-percent stake in Attijariwafa Bank.
The bank’s share price has risen by 9.42 percent since Jan. 1.
The bank’s share price has risen by about six percent since April 1.