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Agadir – Forbes Middle East’s 2026 ranking listed five Moroccan conglomerates among the Arab world’s 100 most powerful family businesses.
The annual ranking, which evaluates the region’s largest and most influential family-owned or family-run enterprises, included Moroccan groups operating across key sectors including finance, real estate, agribusiness, retail, and industry.
O Capital Group leads Moroccan presence
At the forefront of Morocco’s representation is O Capital Group, ranked 21st among the Arab world’s most powerful family businesses.
The group was founded in 2021through the merger of FinanceCom and Holding Benjelloun Mezian. Businessman Othman Benjelloun chairs the group, which operates across financial services, telecommunications, agribusiness, transportation, real estate, and media.
The conglomerate drew significant attention earlier this year with the inauguration of the Mohammed VI Tower in Rabat, one of Africa’s tallest skyscrapers. Forbes estimates the wealth of Othman Benjelloun and his family at $1.7 billion as of May 2026.
Holmarcom accelerates African expansion
Holmarcom Group is Morocco’s second-highest-ranked family conglomerate, ranking 75th in the regional list.
The group was founded in 1978 and has been led by Mohamed Hassan Bensalah since 1993. It operates in finance, agribusiness, logistics, and real estate.
Holmarcom has expanded its presence beyond Morocco, establishing strong positions in several West African markets, including Senegal, Benin, and Côte d’Ivoire.
The group’s expansion strategy gained momentum in 2025 when the International Finance Corporation acquired an 18.6% stake in Holmarcom Finance Company.
In April 2026, the subsidiary also reached an agreement to acquire BNP Paribas’ majority stake in BMCI, strengthening its position in Morocco’s banking sector.
Addoha grows real estate presence in Africa
Real estate developer Addoha Group ranked 83rd in the Forbes Middle East list. It was founded and chaired by Anas Sefrioui, and became one of Morocco’s most prominent property developers, particularly through affordable housing projects.
In recent years, Addoha has expanded its operations into five African countries.
By 2025, the group had more than 26,000 housing units under construction, with nearly one-third located in West Africa. Forbes estimates Sefrioui’s fortune at approximately $1.3 billion.
Diana Holding emerges as diversified powerhouse
Diana Holding secured the 84th position in the regional ranking. Chaired by Rita Maria Zniber, the group traces its origins to 1956 and has grown into one of Morocco’s most diversified family-owned businesses.
Its activities cover agriculture, poultry farming, beverages, packaging, distribution, retail, and nautical products.
According to Forbes Middle East, Diana Holding manages around 8,300 hectares of agricultural land through more than 30 subsidiaries and eight business units, employing nearly 7,200 people.
YNNA Holding expands across strategic sectors
Following Diana Holding, YNNA Holding occupied 85th place. The group was established in 1948 by the late Miloud Chaabi and is currently led by Mama Tajmouati.
It operates across multiple sectors including hospitality, construction, manufacturing, retail, food processing, and real estate.
Its portfolio includes well-known Moroccan brands and companies such as Aswak Assalam, Super Cérame, Chaabi Lil Iskane, GPC Papier et Carton, SNEP, and SCIF.
