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Rabat – Al Mada Holding’s Board of Directors appointed Noufissa Kessar as the new chairwoman and CEO of the group today.
The appointment comes following the death of former CEO Hassan Ourigali, who passed due to illness on January 10 in Paris.
“Following the passing of Mr. Hassan Ourigali, Chairman and Chief Executive Officer of Al Mada, the Board of Directors, meeting today, paid tribute to his leadership, numerous achievements, and exemplary dedication to the group,” a statement from the group said today.
The group also recalled Ourigali’s commitment to Al Mada, the main shareholder of Attijariwafa Bank, which has contributed to its strategic position in both the Moroccan and greater African economy, while extending condolences to the family of the former CEO.
Kessar, who will replace Ourigali, has built a career within the banking arm of Al Mada.
She has already served as a deputy CEO at Al Mada Holding, contributing to various projects and the overall development of the group.
Kessar is a graduate of the Swiss Federal Institute of Technology in Lausanne. She spent most of her career within the Al Mada Group, first at Attijariwafa Bank. At the bank, she helped create the Atijjari Finances Corp before joining the holding.
The business executive also currently serves as a board member in several subsidiaries of the Al Mada group.
The group expressed trust in Kessar, stating that she will “reinforce ongoing development, innovation [within the group], and its contribution to Morocco’s – and the international community’s – economic and social progress in line with the values set by the Group’s shareholders.”
Al Mada is an investor and operator in structuring business sectors, including banking and insurance, retail, mining, energy, and telecommunications, among others.
