O Capital Group
Casablanca holding of the Benjelloun family led by Othman Benjelloun; controls Bank of Africa and RMA and holds stakes in telecoms, transport, tourism and energy.
USEFUL FOR Business owners seeking a long-term partner · Co-investors
Family & background
- FAMILY
- Benjelloun
- WEALTH ORIGIN
- Textile trade, then banking and insurance over five generations
- HEADQUARTERS
- Casablanca, Morocco
Investment approach
- SECTORS
- FintechMedia & EntertainmentMobility & LogisticsReal Estate & PropTechFood & AgricultureClimate & Energy
- GEOGRAPHY
- MoroccoAfrica
- ROUTES
- Companies (own capital)
- STRATEGIES
- Direct investmentsPrivate equity
Overview
O CAPITAL GROUP is the holding company of the Benjelloun family, chaired by Othman Benjelloun; it was formed in 2021 when Holding Benjelloun Mezian absorbed FinanceCom. Its key milestones include taking control of insurer Royale Marocaine d'Assurance in 1988 and buying Banque Marocaine du Commerce Extérieur (now Bank Of Africa – BMCE Group) at its 1995 privatisation. It holds positions in banking, financial services, insurance, telecoms, IT, real estate and tourism, media, transport, agro-industry and renewable energy, and in 2024 set up Al Baida Desalinisation Co with Acciona for a Casablanca desalination project.
Investment thesis
Long-term investor that grew from banking and insurance into telecoms, IT, transport, hospitality and renewable energy, seeking synergies with its core financial businesses and pan-African growth through partnerships.
Holdings & investments (7)
- Bank Of Africa – BMCE GroupNOTABLEFintech · since 1995
- RMA (Royale Marocaine d'Assurance)NOTABLEFintech · since 1988
- Al Baida Desalinisation CoClimate & Energy · since 2024
- Medi Telecom
- CTMMobility & Logistics
- RismaReal Estate & PropTech
- Air Arabia MarocMobility & Logistics
People
- Othman BenjellounChairman and CEO · source
- Hicham El AmraniChief Executive Officer (Directeur Général) · source
- Jamil SakoutDeputy CEO and Finance Director · source
- Ilham SalamaSecretary General and Head of Participations · source
- Fadoua TahariHead of Consolidation and Compliance · source
- Leila HaddaouiHead of Tourism Division · source
Frequently asked questions
O Capital Group is a family holding based in Casablanca, Morocco.
O Capital Group invests on behalf of the Benjelloun family (Textile trade, then banking and insurance over five generations).
O Capital Group invests its own capital into companies. Its stated asset mix includes direct investments and private equity.
O Capital Group invests in Fintech, Media & Entertainment, Mobility & Logistics, Real Estate & PropTech, Food & Agriculture and Climate & Energy.
Key people at O Capital Group include Othman Benjelloun (Chairman and CEO), Hicham El Amrani (Chief Executive Officer (Directeur Général)), Jamil Sakout (Deputy CEO and Finance Director) and Ilham Salama (Secretary General and Head of Participations).
O Capital Group's holdings and investments include Bank Of Africa – BMCE Group, RMA (Royale Marocaine d'Assurance), Medi Telecom, CTM, Risma, Air Arabia Maroc and Al Baida Desalinisation Co.