The Alaouite royal family of Morocco, Africas richest royal household, has seen its fortune swell in recent months. A rally in Attijariwafa Banks shares on the Casablanca bourse has added 1.63 billion to the market value of the familys stake, lifting his stake to more than 8 billion.
The family owns an indirect 46.5 percent share in Attijariwafa Bank, about 100.1 million shares, through its investment arm Socit Nationale dInvestissement Al Mada. Over the past six months, the market value of that stake has climbed by MAD14.71 billion 1.63 billion, reinforcing their standing among the richest royals worldwide.
Attijariwafa Banks market cap climbs to 17 billion