Company Overview Addoha is Morocco’s largest real estate developer with operations in all the segments, including social, middle-income and high-end. In 2015 the social and middle-income segments accounted for 62% of the developer’s revenue, down from 70% in 2011. Revenue stood at Dh7.1bn (€651m) in 2015 compared to Dh9.5bn (€871m) in 2013 prior to the decision to cut production as a result…
Company Overview Attijariwafa Bank is the leading bank in Morocco in terms of outstanding loans (25% as of December 2015), and number two in terms of deposits behind BCP. The group operates 3265 branches and started its geographical expansion outside Morocco in 2005. The bank now has branches in Tunisia (6% of consolidated net income) and nine French-speaking sub-Saharan countries (13% of consolidated…
Company Overview Founded in 1951 and listed on the Casablanca Stock Exchange since 1969, Ciments du Maroc is the second-largest cement player in the country with a 23.8% market share. It produces 3.3m tonnes of cement in a market that consumed 14.2m tonnes in 2015. The group is currently running under capacity at 4.3m tonnes, which is equivalent to a utilisation rate of 78%, in an overall market capacity…
As part of a series of wide-ranging reforms aimed at revitalising the Casablanca Stock Exchange (CSE), the authorities have been working on launching a number of new products, vehicles and activities in recent years; this rollout gathered pace in 2016. Tradeable Funds Prominent among these are several types of tradeable investment funds. The lower house of parliament approved a draft law establishing…
Company Overview Founded in 1985 and listed on the Casablanca Stock Exchange since 2008, Label Vie (LBV) is the number two in the modern distribution sector in Morocco with a 30% market share in terms of surface area (vs. 54% for Marjane/ Acima). The company operates three business segments: supermarkets (number one with 46 stores), hypermarkets (number three with five stores) and hypercash (number…
Company Overview Maroc Telecom (MT) is the leading telecoms operator in Morocco. In January 2015 MT acquired six additional sub-Saharan subsidiaries. The international portion of the business now contributes more than 40% to company revenue. In Morocco the firm operates in both the mobile and fixed segments, while in sub-Saharan Africa it is only involved in the mobile market. The stock trades on…
Company Overview Founded in 1919 and listed on the Casablanca Stock Exchange since 1943, Société des Brasseries du Maroc (SBM) is a brewer with a market share of more than 95% in Morocco. The company’s activities include beer production (86% of consolidated revenues), mineral water production and import, wine production and Nicolas franchise retail network. SBM operates several industrial plants…
The national pension system is undergoing a change after both houses of parliament approved reforms in mid-2016 that will see the retirement age for public sector workers rise in order to keep the main pension fund on an even footing. Recent regulatory reforms in the insurance industry will also increase opportunities to sell complementary products for insurance firms, though sector figures say they…
Over the past decade, industry players like Boeing, Bombardier and Airbus have moved into Morocco to boost aeronautical capacity. Important deals and government incentives have helped the industry achieve a 17% annual average growth rate since 2010, and in 2015 aeronautics exports reached Dh7.3bn (€670m), according to the Office des Changes. Over 100 aerospace firms have established a base in the…
Over the past decade efforts to improve intercity rail links have intensified, with the authorities investing heavily to increase capacity and coverage across the kingdom. Between 2010 and 2015, the government invested Dh34bn (€3.1bn) in the segment, up from Dh18bn (€1.7bn) between 2005 and 2009, and Dh7bn (€641.8m) during the 2002-05 period, according to the Ministry of Transport, Equipment…
