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Forbes Middle East Magazine released this week its list of «the Top 100 Arab Family Businesses». The list includes four Moroccan family businesses.
Akwa group, whose board of directors is chaired by Minister of Agriculture Aziz Akhannouch, ranks 25th. Akwa was created in 1959 and has one of the largest gas storage capacities in Morocco, with a fleet of 23 million cylinders. Forbes recalls that Africa Gas, a subsidiary of the Akwa group, supplies other brands, including Afriquia Gaz, Tissir Gaz, Camping Gaz and Butafric.
FinanceCom, whose board of directors is chaired by Moroccan billionaire Othman Benjelloun, ranks 38th. This group has «diversified its investments in the banking, real estate, insurance and telecommunications sectors», the magazine wrote, recalling that the group is building its Mohammed VI tower in Rabat.
Diana Holding, whose activities focus on agriculture, olive oil, poultry, trade and distribution, ranked 83rd. It was founded by Ibrahim Zniber, and its board of directors is currently chaired by his wife, Rita Maria Zniber.
Forbes Middle East ranks the Holmarcom group, founded by Abdelkader Bensaleh in 1978 in Casablanca, 88th in the Middle East and North Africa.
The magazine recalls that the group operates in finance, real estate, agricultural industries, distribution and logistics and owns two companies (Les Eaux Minéraux d'Oulmès and Atlanta Assurances) listed on the Casablanca Stock Exchange.
