Othman Benjelloun reduces Bank of Africa stake in Tanger Tech Development Company

Othman Benjelloun reduces Bank of Africa stake in Tanger Tech Development Company

The company is leading the Mohammed VI Tangier Tech City project, built with a Chinese partner.

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            ▪ Othman Benjelloun reduces Bank of Africa stake in Tanger Tech Development Company

▪ The company is leading the Mohammed VI Tangier Tech City project, built with a Chinese partner.

https://www.jeuneafriquebusinessplus.com/en/807577/othman-benjelloun-reduces-bank-of-africa-stake-in-tanger-tech-development-company/

14/04/2021 at 17h31, by Jeune Afrique Business+

In 2017, when the Société d’aménagement Tanger Tech SA (SATT) was created with a capital of DH 500 million (€47 million), the Bank of Africa proceeded with the first release of DH 62.5 million, while the rest of the capital was not called.

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