The Alaouite family, Moroccos royal family, long regarded as Africas wealthiest royal household, has enjoyed an impressive increase in fortune this year, with estimated gains of 2.2 billion from the familys stake in Attijariwafa Bank.
The increase comes as shares of the Casablanca-based lender continue to climb, reflecting both investor confidence in the bank and careful management of the monarchys investments. Through Socit Nationale dInvestissement Al Mada, the royal family indirectly owns 46.5 percent of Attijariwafa Bank, a stake now valued at roughly 8.6 billion.
Attijariwafa Banks market cap hits 17.5 billion