Akwa Group

Last updated
Akwa Group S.A.
Type Société anonyme
Founded1932 (1932)
FounderAhmed Ouldhadj Akhannouch
Haj Ahmed Wakrim
Headquarters,
Key people
Aziz Akhannouch
Ali Wakrim
Jamal Wakrim
RevenueIncrease2.svg 3 billion $
OwnersAkhannouch and Wakrim
Website www.akwagroup.com

Akwa Group S.A. (former name: Groupe Afriquia) is a 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.

Contents

History

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]

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References

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