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Company Profile

Akwa Group

Akwa Group is a private Moroccan conglomerate founded and owned by the Akhannouch and Wakrim families, from whom the group takes its name. The group operates in several key sectors of the Moroccan economy, including hydrocarbons, distribution, tourism, media, real estate, and renewable energy.

History
The company was incorporated in 1959 as Afriquia SMDC (Société Marocaine de Distribution de Carburants) which is now a subsidiary of Akwa Group. 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. Afriquia fuel stations were targeted in the 2018 Moroccan boycott. ==References==
Source: Wikipedia ↗
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