Akwa Group

Akwa Group S.A. (former name: Groupe Afriquia) is a Moroccan conglomerate company headquartered in Casablanca. The company is primarily engaged in the oil and gas industry, but operates also in the telecommunication, tourism, hotels and real estate sectors. Its service stations operate under the Afriquia brand.

Akwa Group S.A.
TypeSociété anonyme
Founded1932 (1932)
FounderAhmed Ouldhadj Akhannouch & Haj Ahmed Wakrim
Headquarters,
Key people
Aziz Akhannouch (CEO and chairman), Ali & Jamal Wakrim
Revenue3 billion $
OwnersAkhannouch and Wakrim
Websitewww.akwagroup.com

HistoryEdit

The company was established in 1959 as Afriquia SMDC (Société Marocaine de Distribution de Carburants) which is now a subsidiary of Akwa Group S.A. The other major subsidiary, Maghreb Oxygène, was established in 1974. The corporate structure was reorganized in 1990s by creation of the holding company Groupe Afriquia. Its subsidiaries Afriquia Gaz and Maghreb Oxygène were publicly listed in 1999. Groupe Afriquia changed its name to Akwa Group in March 2002.[1]

ReferencesEdit

  1. ^ "Akwa Group SA". Bloomberg Businessweek. Retrieved 2012-09-22.

External linksEdit