Rabat - The Office Chérifien des Phosphates (OCP) was named Morocco’s largest company in terms of overall revenue achieved in 2014, according to a ranking of the 500 largest Moroccan companies by l’Economie & Entreprises unveiled on Monday night in Rabat.
Rabat – The Office Chérifien des Phosphates (OCP) was named Morocco’s largest company in terms of overall revenue achieved in 2014, according to a ranking of the 500 largest Moroccan companies by l’Economie & Entreprises unveiled on Monday night in Rabat.
The awards ceremony took place on the sidelines of a roundtable held on the 14th anniversary celebration of Economie & Entreprises’ “Top 500.”
With more than 48 billion dirhams, the OCP, the world’s leading phosphate exporter and one of the leading global fertilizer players, overtook Morocco’s ‘Samir’ refinery, which was ranked first last year but which has gone through financial woes, and now ranks second.
‘Samir’ lost its place as leader of the ranking as a result of a 10.4% fall in turnover at the end of 2014, with revenues of MAD 44.44 billion instead of MAD 49 billion in 2013.
OCP, with its MAD 48.9 billion in revenues, recorded a growth of 4.2% compared to 2013.
Third place went to l’Office National de l’Eau et de l’Electricité (National Office of Water and Electricity) with MAD 29.552 billion.
Maroc Telecom, the primary telecommunications company in Morocco, ranked fourth with MAD 29.144 billion.
The group Renault Commerce Maroc came in at fifth position with MAD 24.126 billion, ahead of Afriquia SMDC, leading distributor of fuels in Morocco, which ranked sixth with MAD 22.164 billion.
The Moroccan supermarket chain Marjane came in seventh position with more than MAD 14 billion. Royal Air Maroc, the Moroccan national airline, ranked eighth with MAD 13.891billion. Vivo Energy Morocco ranked ninth with MAD 12 billion, and Moroccan Tobacco Company closed up the top ten with MAD 11.5.
Organized by Economie & Entreprises, a company that evaluates Moroccan companies, the ceremony was marked by the presence of several business leaders and heads of Moroccan companies.
Edited by Elisabeth Myers