Othman Benjelloun Explained

Othman Benjelloun
Birth Place:Fez, French Morocco
Education:Ecole Polytechnique de Lausanne
Known For:Owner of a bank and insurance company
Occupation:Banker, businessman
Children:2

Othman Benjelloun (Arabic: عثمان بن جلون|ʿUthmān bin Jallūn; born 1932) is a Moroccan banker billionaire businessman. He is known for co-founding of BMCE Bank and Bank of Africa, and serves as its chairman, chief executive officer. In July 2024, his net worth was estimated by Forbes at US$1.5 billion.[1]

Career

Benjelloun received an education at the École Polytechnique Fédérale de Lausanne in Switzerland.[2]

Benjelloun's father was a shareholder in an insurance company that Benjelloun later took over in 1988.[2] He turned this into RMA Watanya. After purchasing the insurance company, Benjelloun expanded the business venture into the banking industry. His banking enterprise, the BMCE Bank has its presence felt in at least 12 countries in Africa after it purchased the Mali-based Bank of Africa. The banking aspect of Benjelloun's business career is worth $4 billion based solely on its market capitalization profits.

During the 1960s and 1970s, he made strategic alliances with global automobile manufacturers Volvo and General Motors.[2] He is also the chairman of Meditelecom[2] along with being associated with Telefónica[2] and Portugal Telecom.[2] He is a member of the Union of Arab Banks[2] and the World Union of Arab Bankers.[2]

Personal life

He is a member of the prominent Benjelloun family from Fez, Morocco.[3] [4]

He was married to Leila Mezian[3] before her death in July 2024.[5] He has two children,[1] Kamal Benjelloun[6] and Dounia Benjelloun[6] .

Awards

See also

Bibliography

Notes and References

  1. Web site: Othman Benjelloun & family . 2024-07-15 . . https://web.archive.org/web/20240715112537/https://www.forbes.com/profile/othman-benjelloun/ . 2024-07-15 . live . 15 July 2024.
  2. Web site: Othman Benjelloun Elected Vice-President of Union of Arab Banks . 2012-11-21 . 2024-07-14 . . https://web.archive.org/web/20171016003316/http://northafricapost.com/1456-othman-benjelloun-elected-vice-president-of-union-of-arab-banks.html . 2017-10-16 . live . en.
  3. Web site: Othman Benjelloun; Accusations against the Third Richest Man in Morocco . 2024-07-14 . Al-Estiklal Newspaper . https://web.archive.org/web/20240714045753/https://www.alestiklal.net/en/article/othman-benjelloun-accusations-against-the-third-richest-man-in-morocco . 2024-07-14 . live . 2020 . en.
  4. Web site: 5 Years Later, Othman Benjelloun’s Fake Nephew Sentenced to 2 Years’ Imprisonment . 2017-12-15 . 2024-07-14 . . Kasraoui . Safaa . https://web.archive.org/web/20200815133644/https://www.moroccoworldnews.com/2017/12/236482/mounir-benjelloun-othman-benjelloun-inheritance-morocco/ . 2020-08-15 . live . en.
  5. Web site: Jihane Rahhou . Moroccan Philanthropist Leila Mezian Benjelloun Passes Away . 2024-07-13 . . en . https://web.archive.org/web/20240713164328/https://www.moroccoworldnews.com/2024/07/363890/moroccan-philanthropist-leila-mezian-benjelloun-passes-away . 2024-07-13 . live.
  6. Web site: Maroc : Kamal et Dounia Benjelloun (Finance.com) . 2019-01-01 . 2024-07-14 . . Iraqi . Fahd . https://web.archive.org/web/20240604213148/https://www.jeuneafrique.com/mag/692444/economie-entreprises/maroc-kamal-et-dounia-benjelloun-finance-com/ . 2024-06-04 . live . fr.
  7. Web site: Kasraoui . Safaa . Othman Benjelloun Wins 2022 ‘Best African Personality’ Award . 2023-02-17 . 2023-02-19 . Morocco World News. en.

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