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Rabat – Nezha Hayat has replaced Mohamed Benchaaboun as the Director General of Mohammed VI Investment Fund, according to a statement from the royal palace.
King Mohammed VI appointed her to chair the fund in a ministerial council he chaired today.
The investment fund’s mission is to contribute to th financing and supporting investment projects in priority sectors, prioritizing environmental, social, and governance issues.
Nezha Hayat has been the chairperson and ceo of Morocco’s Capital Market Authority (AMMC). She assumed this role in 2016.
She is also the chair of the Africa and Middle East Committee of the International Organization of Securities Commissions. She also co-founded AFEM, an association of women business leaders in Morocco.
In February, Hayat was selected among the top 20 Arab Women in government by Forbes Middle East.
The council of ministers saw several other appointments, including Said Jabrani, whom the King appointed as Director General of the National Company for Enterprises Guarantee and Financing.
He succeeded Hicham Zanati Serghini. Jabrani is a member of the board of directors responsible for commercial banking within the Credit du Maroc group.
He also served in several positions in Bank of Africa and BMCI.
He holds a Master’s degree in research in mechanics, aeronautics, and energy.
