Market Hub

Itissalat Al-Maghrib (IAM), operating as Maroc Telecom, is the leading telecommunications operator in Morocco. The company offers a wide range of services including fixed-line telephony, mobile, internet, and data services for both residential and business customers. It has also expanded its operations into several African countries.

Attijariwafa Bank is the leading banking and financial group in Morocco and a key player in Africa. The bank provides a comprehensive range of financial services including retail banking, corporate banking, investment banking, and insurance.

Founded in 1994, Alliances Group is a leading Moroccan real estate developer. It operates across all segments, including affordable, mid- and high-end housing, hotels, and tourism projects. The Group has delivered over 60,000 units and expanded internationally into African markets such as Côte d’Ivoire and Cameroon.

Banque Centrale Populaire (BCP) is a major mutualist banking group in Morocco. It serves as the central body for the Banques Populaires Régionales and is a key lender to small and medium enterprises.

Travaux Généraux de Construction de Casablanca (TGCC) is a leading construction company in Morocco. It executes large-scale infrastructure, residential, hotel, and industrial projects across the country and in Africa.

LafargeHolcim Maroc is the No. 1 leader in the construction materials sector in Morocco. Born from the merger between Lafarge Ciments and Holcim Maroc, it has strong industrial presence across the Kingdom.

Bank of Africa (formerly BMCE Bank) is a leading Pan-African financial group. It has a significant presence in Morocco and operates in over 30 countries across Africa, Europe, and Asia.

Marsa Maroc (Sodep) is the national leader in port terminal operations. It manages terminals in 9 Moroccan ports and provides handling, storage, and logistics services for import/export traffic.

Wafa Assurance, part of Al Mada and Attijariwafa Bank, has been Morocco’s leading insurer since 2008 with a 19.9% market share. Its strength lies in bancassurance through Attijariwafa Bank, Crédit du Maroc, and La Poste, alongside a growing Non-Life business supported by 308 outlets and 170 brokers nationwide. Led by Mr. Boubker Jaï, the company is expanding regionally with subsidiaries in Tunisia, Senegal, Côte d’Ivoire, Cameroon, and Egypt.

Trade and manufacture of all forms of liquid petroleum gas and its by-products.

Founded in 1980, Afric Industries is a leading Moroccan manufacturer of abrasive papers, known for its strong brand and long-standing distributor relationships. In 2007, it added an aluminum joinery production unit, replacing its adhesive tape line, and continues to explore new local and export markets, including Algeria and West Africa. The company, led by Mr. Bilal Benhima, is part of Groupe El Alami.

Founded in 1999 from the merger of AGMA and LAHLOU-TAZI, AGMA (a subsidiary of Groupe SNI) operates in insurance and reinsurance brokerage and consulting. Led by Mr. Ali Chraibi, it serves major companies, SMEs, and individuals, maintaining a 5% market share in a fragmented market. The company earned ISO 9001:2008 certification in 2015 and simplified its name to AGMA in 2018.

Aradei Capital (formerly Vecteur LV) is a real estate company focused on acquiring and leasing properties, managing Label’Vie’s real estate activities since 2013. By the end of 2020, it held 29 assets across 15 cities with 343,000 m² of commercial space, 91% occupancy, and leases averaging 6.6 years. Led by Mr. Nawfal Bendefa, Aradei Capital aims to diversify into industrial, logistics, office, education, and healthcare assets, and in 2021 formed strategic partnerships with BMCI and Groupe Aktidal.

AtlantaSanad is an insurance and reinsurance company with over 60 years of experience, serving individuals, professionals, and businesses. Controlled by the Holmarcom Group, it operates in multiple insurance lines and has expanded into West Africa, notably Côte d’Ivoire. In 2020, Atlanta merged with its subsidiary Sanad to become AtlantaSanad.

Trade and manufacture in automobile.

Founded in 1963, Auto Nejma specializes in importing and selling vehicles and automotive accessories. Led by Mr. Adil Bennani, it is the exclusive distributor of Mercedes-Benz, SsangYong, Chrysler, Dodge, and FAW vehicles in Morocco. The company is expanding its distribution network, partnered with Mahindra in 2013, and is launching a dedicated used-vehicle division.

Founded in 1928, Balima is a Rabat-based real estate company focused on property management and development. It is repositioning toward high–value commercial and office assets while building a land reserve for future projects, particularly in peri-urban areas.

All types of banking.

Founded in 1948, Cartier Saâda is a Marrakech-based producer of vegetable preserves, mainly olives and apricots for international markets. It also operates in fine food distribution through its subsidiary Zoubairi Distribution and has invested in renewable energy, notably solar power for its production site.

Founded in 2004, Cash Plus is a Bank Al-Maghrib–licensed payment institution specializing in money transfers and offering a wide range of financial and para-financial services.

Crédit du Maroc, a subsidiary of France’s Crédit Agricole, operates in retail banking, corporate and investment banking, and asset management, serving individuals, professionals, and large corporations. With 268 branches and 2,400 employees, it launched an Agriculture & Agri-food division in 2011 and factoring services in 2015. Led by Mr. Ali Benkirane, Crédit du Maroc saw Holmarcom acquire a 63.7% stake from Crédit Agricole in 2022.

Founded in 1992, Casablanca Finance Group (CFG) specializes in corporate finance, brokerage, asset management, and private equity. Approved by Bank Al-Maghrib in 2012, it became CFG Bank and launched commercial banking in 2015, targeting both retail and private clients. Led by Mr. Adil Douiri, CFG Bank operates 17 branches and 91 ATMs as of the end of 2023.

A subsidiary of Heidelberg Materials, Ciments du Maroc is Morocco’s second-largest cement producer and the leading operator in ready-mix concrete and aggregates, with a 24% market share and 6.3 million tons of production capacity. It operates an extensive industrial network and uses wind energy to supply a major part of its energy needs.

CMGP Group, a leading Moroccan provider of agricultural and industrial solutions, specializes in irrigation, agri-supplies, and hydraulic infrastructure. With over 30 years of experience, it offers integrated products and services supporting food security and sustainable water management, playing a key role in transforming agriculture and infrastructure in Morocco and eventually sub-Saharan Africa.

Founded in 1957, Colorado is a leading Moroccan producer of decorative and building paints, with nationwide distribution through a broad reseller network. The company operates multiple production and logistics sites, represents the Octoral automotive paint brand in Morocco and Algeria, and is pursuing export growth under a government-supported program.

Transportation of passengers.

Compagnie Minière de Touissit (CMT) is a Moroccan mining company specializing in base and precious metals, particularly lead-silver and zinc concentrates. Founded in 1974, it operates major mines and holds an extensive mining permit portfolio, with a growth strategy focused on expanding production and diversifying assets, supported by Auplata Mining Group.

Refining imported or locally-produced sugar.

All types of banking activity.

Founded in 1995, Dari Couspate is Morocco’s leading producer of couscous and pasta, with products sold in over 45 countries worldwide. A family-owned company listed on the Casablanca Stock Exchange, it operates modern production facilities in Salé supporting its growth and international expansion.

Delattre Levivier Maroc (DLM) is a leading Moroccan player in heavy steel construction, serving sectors such as energy, mining, cement, and infrastructure for over 50 years. The Group operates through several subsidiaries, focuses on large turnkey projects, and has an expanding presence in West and Central Africa.

Delta Holding, founded in 1974, is a Moroccan family-owned industrial group with over 30 subsidiaries operating in infrastructure, metallurgy, chemicals, and water and environmental services. It has expanded into renewable energy, especially solar, and is led by Mr. Fouad Fahim.

The purpose of the company, directly or indirectly : • Advice and service in new technologies, • Training on new technology products and solutions; • Maintenance of hardware and software and of any technological solution; • The design, production and marketing of technical solutions; • The import, purchase, sale, distribution, export of any product relating to new information technologies; • The development of new information technology professions • Advice, training, provision of services in new information technologies • The design, maintenance, sale and distribution of software and hardware related to the above objects; • The acquisition of stakes in all companies with a similar or related object by way of creation of a company, contribution to existing companies, joint ventures, mergers or even by way of sponsorship, purchase of securities, joint venture or otherwise, And more generally all commercial, industrial, financial, securities or real estate transactions relating directly or indirectly to the corporate purpose or which may facilitate the expansion and development of the company.

As Morocco's leading wholesale distributor of IT and telecom equipment, Disway offers a wide range of international brands from major software publishers and computer manufacturers, as well as a comprehensive range of products and accessories.

Founded in 1965, Ennakl Automobiles is the official distributor and dealer in Tunisia for Volkswagen, Volkswagen Commercial Vehicles, Audi, Porsche, Seat, Skoda, and DasWeltAuto, with a distribution network of nearly 25 agencies. In 2010, the company decided to accelerate and share its success by listing on both the Tunis and Casablanca stock exchanges. In 2012, Ennakl Automobiles came under the umbrella of the Parenin-Poulina consortium, which won the tender launched by the Tunisian government, thus becoming the majority shareholder of the company. Led by Mr. Ibrahim DEBACHE, Ennakl Automobiles has embarked on its second strategic plan, H2020, which focuses in particular on opening up to new activities and new markets, particularly in sub-Saharan Africa

Founded in 1928, Fenie Brossette operates in construction, public works, and industrial equipment, as well as event equipment services. Led by Mr. Jamal Benyahia, the company has diversified into automobile distribution in southern Morocco through a partnership with the Fiat Group, including Jeep and Alfa Romeo, and has expanded internationally with subsidiaries in Côte d’Ivoire and Mauritania.

Founded in 1995, HPS is a global leader in payment solutions serving banks, processors, merchants, and mobile network operators worldwide. Its PowerCARD platform supports end-to-end payment processing and is used by over 450 institutions in more than 90 countries. HPS is led by Mr. Abdesselam Alaoui Smaili and operates internationally with around 920 employees.

Founded in 2011, Immorente Invest is a real estate investment company focused on acquiring and developing professional properties to lease to major national and multinational companies. Structured like a REIT, its goal is to provide shareholders with recurring rental income and become Morocco’s leading listed real estate investment vehicle. The company is led by Mr. Khalil Mengad.

Founded in 1992 by Mr. Mohamed Adil Rtabi, Jet Contractors specializes in façade works and metal joinery, particularly aluminum. It is a key player in Morocco’s construction and public works sector, involved in major infrastructure projects such as stations, stadiums, and airport terminals. The group has diversified through specialized subsidiaries and expanded internationally in 2013 with acquisitions in France.

Founded in 1986, LabelVie Group is a major player in Morocco’s multi-format retail sector, operating Carrefour, Carrefour Market, Carrefour Express, Atacadao, and Supeco through 279 stores in 33 cities and three logistics platforms. Led by Ms. Naoual Ben Amar, the group employs over 9,000 people and aims to expand its national coverage.

Founded in 2008, Mutandis is a Moroccan industrial group specializing in everyday consumer goods, mainly in food products and hygiene and cleaning. Operating in Morocco and internationally, the group exports over half of its revenue and runs nine factories. Mutandis is led by Mr. Adil Douiri.

Résidences Dar Saada, founded in 2001 and part of Palmeraie Développement, focuses on affordable and mid-range housing. Led by Mr. Fayçal Idrissi Qaitouni, it has a large land reserve mainly in Casablanca and Marrakech, operates dozens of housing projects in Morocco and abroad, and has expanded to Côte d’Ivoire.

Founded in 1993 in partnership with the Accor Group, RISMA is Morocco’s leading hotel owner and operator. Present in 11 cities, it manages a diversified portfolio of 23 hotels across luxury to economy segments under well-known Accor brands such as Sofitel, Novotel, and Ibis. The group is led by Mr. Amine Echcherki.

Sanlam Maroc, a subsidiary of South Africa’s Sanlam Group since 2018 (formerly Saham Assurance), is Morocco’s third-largest insurer, offering coverage for individuals and businesses, especially in automotive and health. Led by Mr. Yahia Chraibi, it has nearly 500 agencies and is expanding its non-life insurance and e-insurance services. Sanlam and Allianz plan to combine operations across Africa to create a leading pan-African non-banking financial services group.

SGTM, since 1971, is a leading partner in Morocco’s key infrastructure projects across transport, energy, water, and industry. The group builds strategic and durable infrastructures that support national development, regional integration, and Morocco’s presence in Africa.

Founded in 1969, Société Métallurgique d’Imiter (SMI) operates the Imiter silver mine near Ouarzazate, producing high-purity silver (99.5%). Led by Mr. Imad Toumi, SMI invests in exploration, technology, and plant expansions, including a new processing facility completed in 2019, to increase production and sustain its mining activities.

Founded in 1953 and led by Mr. Abdelkrim Raghni, Stokvis Nord-Afrique (part of SANAM Holding/ALJ Group) specializes in importing and distributing equipment for agriculture, industry, construction, and mining. The company also operates in handling, refrigeration, shelving, and cleaning, with subsidiaries for equipment rental and a joint venture with Repsol for oils and lubricants. In 2014, it acquired Groupement Mécanique Doghmi, the exclusive distributor of Fiat Group brands in the Rabat-Salé-Témara region.

Founded in 1989, STROC Industrie is a leading Moroccan engineering and construction company delivering turnkey industrial installations in sectors like construction, mining, cement, chemicals, and energy. Led by Mr. Nabil Ziatt, it operates across the full value chain—from design to maintenance—and has completed major projects in Morocco and across Africa, including Mauritania, Gabon, and Equatorial Guinea.

TAQA Morocco, a subsidiary of the UAE-based TAQA Group since 2007, is Morocco’s largest electricity producer, supplying 38.5% of national consumption with six units generating 2,056 MW annually. Led by Mr. Abdelmajid Iraqui Houssaini, the company operates under a long-term concession with ONEE until 2044 and is diversifying into low-carbon energy as part of its 2030 strategy.

Vicenne (formerly Best-Health) is a leading provider of high-tech equipment, solutions, and services for healthcare professionals in Morocco, serving hospitals, clinics, medical offices, laboratories, and the Ministry of Health.

Wafa Assurance, a subsidiary of Al Mada and Attijariwafa Bank, has been Morocco’s leading insurer since 2008 with a 19.9% market share. Its leadership relies on bancassurance through Attijariwafa Bank, Crédit du Maroc, and La Poste, alongside a growing Non-Life business and a network of 308 outlets and 170 brokers. Led by Mr. Boubker Jaï, the company is expanding regionally with subsidiaries in Tunisia, Senegal, Côte d’Ivoire, Cameroon, and Egypt.