SOGELEASE reports modest revenue growth despite decline in production
The Board of Directors of SOGELEASE Maroc, chaired by Mr. Ahmed El Yacoubi, met on September 19, 2024, to approve the financial statements for the first half of 2024. These accounts were validated with...
Diebold Nixdorf names Imad El Aouni as general manager for Moroccan subsidiary
Diebold Nixdorf has appointed Imad El Aouni as the new General Manager of its Moroccan branch. In his new role, El Aouni will also retain his responsibilities as Commercial Director for North, West, and...
Auto Nejma Maroc reports 19% revenue growth for first half of 2024
Auto Nejma Maroc’s Board of Directors held a virtual meeting on Friday, September 13, under the chairmanship of Mr. Abdellatif Hakam, to review the financial results for the first half of 2024. The company...
CDG Capital surges in H1 2024 with record profit growth
CDG Capital has delivered an outstanding performance in the first half of 2024, benefiting from favorable market conditions and robust business dynamics. The company's consolidated net banking income surged by an impressive 58%, reaching 177...
Allianz Maroc strengthens governance with two new independent board members
Allianz Maroc has announced the appointment of Malika Youssoufine and Mohammed Amine Benhalima as independent board members. This decision aligns with the company’s strategy to strengthen its governance structure by bringing in external expertise...
CFG Bank’s net profit surges by 68% in first half of 2024
CFG Bank has reported a net profit attributable to shareholders (RNPG) of 109 million dirhams (MDH) for the first half of 2024, marking a 68% increase compared to the same period in 2023. The bank’s...
AXA Services Maroc inaugurates new Kenitra site, plans 1,400 new jobs by 2026
AXA Services Maroc (ASM), a leading customer relations center serving AXA’s French subsidiaries (AXA France, AXA Direct France, and AXA Assistance), officially inaugurated a new site in Kenitra on Friday, in the presence of...
Sonasid faces market pressure but boosts sales by 5% in 2024
Sonasid’s standalone revenue at the end of June 2024 reached 2.39 billion MAD, a 4% decrease compared to the same period in 2023. This decline was mainly attributed to falling steel prices on the...
Pioneering green finance: Attijariwafa Bank unveils African energy efficiency fund
Attijariwafa Bank’s Corporate and Investment Banking division gathered over 120 key players from the institutional, corporate, and large business sectors to celebrate the launch of its latest initiative: the African Energy Efficiency Fund (FAEE)....
LabelVie divests 40% of Terramis SPI-RFA to strengthen market position
In a strategic move aimed at strengthening its market position and optimizing the management of its real estate assets, Groupe LabelVie announced on Friday that it has sold 40% of its shares in Terramis...