On March 28, 2025, the shareholders of Tanger Med Port Authority (TMPA) will convene for a highly significant General Assembly. While the primary agenda includes approving the 2024 financial statements, the meeting will also focus on governance developments, particularly in light of the recent appointment of Idriss Aarabi as the company’s new CEO. Amid continued expansion, TMPA aims to solidify its strategic positioning and sustain its growth trajectory.
A critical decision on the agenda is the renewal of the Board of Directors’ mandates for a six-year term, extending until 2030. This move is intended to ensure institutional stability and strengthen the port complex’s long-term development strategy. The recent leadership transition, with Idriss Aarabi replacing Hassan Abkari as CEO, signals a new phase in TMPA’s management while maintaining a sense of continuity.
This governance shift comes at a time of remarkable growth for Tanger Med. In 2024, the port surpassed the milestone of 10 million TEUs, reflecting an 18.8% increase compared to 2023. Total cargo volume reached 142 million tons, marking a 16.2% rise.
Financially, TMPA posted strong results, with revenue climbing 10% and net profit soaring 20% to 1.49 billion dirhams. This robust performance allows the company to distribute dividends of 1.13 billion dirhams, scheduled for payout on September 30, 2025.
With strengthened governance and solid financial achievements, the March 28 General Assembly will be a pivotal moment for Tanger Med Port Authority. Institutional stability, coupled with outstanding operational and financial performance, will enable TMPA to sustain its growth momentum and reinforce its role as a major hub for global trade.
Shareholders will also have the opportunity to shape the port’s strategic direction, ensuring it continues to be a key driver of Morocco’s economic development and international trade flows.
