The Benjelloun Group, in its current structure, reflects the vision and efforts of five combined generations
The Benjelloun Group, in its current structure, reflects the vision and efforts of five combined generations which, ever since the 19th century, have put their know-how and concern for excellence at the service of their business development.
Thanks to the impetus of the patriarch-founder, a textile merchant based in Manchester, the Benjelloun family’s financial epic has truly began at the end of the 19th century.
Mohamed Benjelloun, the son, nicknamed “the guarantor” in the business world, became a banker and started to expand the family business to other horizons besides trading.
Haj Abbas Benjelloun, third of his name, gave a new breath to the group. At the beginning of the 20th century, he invested in the automobile industry and contributed in creating “Royale Marocaine d’Assurance” insurance company shortly after the independence.
Othman Benjelloun, current Chairman of O CAPITAL GROUP, is a graduate of the Ecole Polytechnique de Lausanne in Switzerland. He is the architect of the Group’s entry into the fields of finance, banking and insurance, as well as its international expansion.
Othman Benjelloun has developed a long-term investment vision based on an in-depth approach and a pragmatic study of the issues. Dedicated to preserving family and human values, highly attentive to details, Mr. Benjelloun is a discreet man widely receptive to the world and his contemporaries. Considered by his peers as a free-thinker, independent and non-conformist, he surrounds himself with the best and builds strategic partnerships to enter different markets and continents.
It is in this humanist perspective that he created in 1967, with the help of his wife, Dr. Leïla Meziane, the Benjelloun-Meziane Foundation, aimed at educating children and restoring historical cultural sites.
His son Kamal Benjelloun is particularly concerned with nature and its preservation. A graduate in human sciences and anthropology, he finances companies in Africa and North and Latin America that specialize in renewable energy and environment protection.
Dounia Benjelloun, the daughter, is a filmmaker and producer. Constantly in search of ambitious projects, Dounia chairs several companies operating in the field of documentary and advertising film production. Her films are regularly awarded internationally.
Assuming control of the Royale Marocaine d’Assurance, an insurance and reinsurance company founded in 1949 by 10 nationalists, including the Chairman’s father
Acquisition of the Banque Marocaine du Commerce Extérieur (currently Bank Of Africa – BMCE Group), during its privatization tender
Bank Of Africa – BMCE Group launches GDR Program in London, becoming the first Moroccan bank to issue debt on the international capital markets
Takeover the Moroccan insurance companies Al Wataniya and Alliance Africaine and create the leading insurance company in Morocco
Participation in the Consortium that was awarded the second GSM license in Morocco in partnership with Telefonica and Portugal Telecom
CIC-Crédit Mutuel Group investing through BFCM’s stake in Bank Of Africa – BMCE Group and that of Assurances du Crédit Mutuel in RMA.
Launch of BMCE Bank International in London and acquisition of a 35% stake in Bank of Africa.
Set up of the holding Europe Office in Paris, O CAPITAL FRANCE, and launch of Multi-strategy Management activities
Together with the CDG Group, acquisition of the Iberian shareholders’ stakes in MediTelecom (64.36%).
Sale, in equal parts with the CDG Group, of 40% from MediTelecom’s capital to France Telecom, renamed Orange presently.
Acquired full control of Bank Of Africa.
His Majesty King Mohammed VI lays the foundation stone for the highest tower in Africa.
CDC takes a 5% stake in the capital of Bank Of Africa – BMCE Group
Merger-absorption of FinanceCom by Holding Benjelloun Mezian, giving birth to O CAPITAL GROUP.