Setting up an international investment company in Morocco
Morocco, Business, 10/16/1997

The Moroccan Owna Group is expected to declare soon that it is setting up an investment company in Morocco and other Arab countries which will be called Middle East North Africa Finance Ltd. The company will be established by a number of international and Arab financial and investment institutions.

Investment sources in Morocco said that the initial capital of the company is expected to be $100 million and that its headquarters will be in Casablanca.

The director of Owna, Fouad Al Filaly, will head on 3 November in Paris the meeting of the board of the Moroccan Investment Fund which was established with Arab and international participation. The meeting will be attended by Francois Bonsei, the governor of the Banque De Paris.

After attending the meeting, Al Filaly will make a tour of Gulf Cooperation Council countries to submit the project of setting the investment company to the government and the businessmen in these countries. Al Filaly said that the investment company will be the biggest company in the region.

Previous Stories:
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