Akwa Group
{{Short description|Conglomerate company headquartered in Casablanca}}
{{Infobox company
| name = Akwa Group S.A.
| logo = Akwa Group.png
| caption =
| type = Société anonyme
| traded_as =
| fate =
| predecessor =
| successor =
| foundation = {{Start date|1932}}
| founder = Ahmed Ouldhadj Akhannouch
Haj Ahmed Wakrim
| defunct =
| location_city = Casablanca
| location_country = Morocco
| locations =
| area_served =
| key_people = Aziz Akhannouch
Ali Wakrim
Jamal Wakrim
| industry =
| products =
| production =
| services =
| revenue = {{increase}} $3 billion
| operating_income =
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| assets =
| equity =
| owners = Akhannouch and Wakrim
| num_employees =
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| divisions =
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| homepage = {{URL|www.akwagroup.com}}
| footnotes =
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}}
Akwa Group S.A. is a conglomerate company headquartered in Casablanca.
The company is active in oil and gas (Afriquia, Afriquia Gaz, Tissir Gaz, Maghreb Oxygène), retail (Mini-Brahim), tourism (Société d’Aménagement et de Promotion de la Station Taghazout, Hôtel Fairmont Taghazout Bay), the media (La Vie économique, Aujourd'hui le Maroc, Femmes du Maroc, Nissae Min Al Maghrib) and real estate (Résidences Place Des Zaers).
Akwa Group is owned by the Akhanouch and Wakrim families.
History
The company was incorporated in 1959 as Afriquia SMDC (Société Marocaine de Distribution de Carburants) which is now a subsidiary of Akwa Group S.A. 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.
{{cite web
| url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=26427844
| archive-url=https://web.archive.org/web/20130604182338/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=26427844
| url-status=dead
| archive-date=June 4, 2013
| title= Akwa Group SA
| work = Bloomberg Businessweek
| access-date= 2012-09-22}}
Afriquia fuel stations were targeted in the 2018 Moroccan boycott.{{Cite news |date=2018-05-30 |title=Morocco consumer boycott has big business in its sights |language=en |work=Reuters |url=https://www.reuters.com/article/morocco-protests-idUSL5N1SP35Z |access-date=2023-02-20}}
References
{{Reflist}}
External links
{{Portal|Morocco|Energy}}
- {{official website|http://www.akwagroup.com/}} {{in lang|fr}}
{{Convenience stores}}
Category:1959 establishments in Morocco
Category:Conglomerate companies established in 1959
Category:Conglomerate companies of Morocco
Category:Convenience stores of Morocco
Category:Oil and gas companies of Morocco
Category:Companies based in Casablanca
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