Friday, April 8, 2016

Interesting Seller

$1,350,000
09/10/20136320 E Opt Lp  Kamal Benjelloun  $0$0$0

Othman Benjelloun's father was a large shareholder in a small Moroccan insurance company. Benjelloun took over in 1988, and built it into RMA Watanya, a leading insurance company. He then used it to expand into banking. His publicly traded BMCE Bank is present in more than a dozen African countries (due to an acquisition of Bank of Africa), and has a market capitalization of $4 billion. His holding company Groupe FinanceCom has also interests in telecom, airlines, and information technology. Son Kamal, a clean tech enthusiast, is heir apparent.

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