The Middle East’s
Top 100 Listed
Companies 2022
55. Bank of Africa*
Country: Morocco
Sector: Banks & financial services
Chairman and CEO: Othman Benjelloun
Market Value: $4.2 billion
Sales: $2.1 billion
Profits: $291 million
Assets: $35.3 billion
Bank of Africa has a presence in more than 20 African countries and employs more than 14,900 people. It has 2,000 points of sale serving 6.6 million customers. In 2019, the Bank of Africa and Casablanca-based business school, the ISCAE Group, jointly launched the “Blue Space” incubator. BlueSpace is located on the ISCAE campus and offers students and entrepreneurs tools to help them develop business ideas. Moroccan billionaire Othman Benjelloun is the Chairman and CEO of the bank.