500 Global unveils the 10 largest companies in Morocco

500 Global unveils the 10 largest companies in Morocco

The ranking of Morocco’s 500 largest companies in terms of sales was unveiled in Tangiers by the magazine Économie Entreprises, in collaboration with its partner Kompass.

Renamed “500 Global”, this ranking shows OCP at the top of the list, with sales of 114.4 billion dirhams. The Office Chérifien remains the undisputed number one company in Morocco, followed by the Renault group with 50.3 billion dirhams.

In third place, the Office national de l’électricité et de l’eau potable (ONEE) completes the trio of top Moroccan companies, with sales of 40.9 billion dirhams.

The Moroccan banking sector features in the top 10 of the largest Moroccan companies, with the country’s three biggest banks: Attijariwafa bank (6th), Banque Centrale Populaire (7th) and BMCE Bank of Africa (10th).

The country’s banking landscape is undergoing remarkable change. Moroccan banks are innovating, offering a wide and diversified range of products tailored to all customer segments (electronic and telematic products, leasing, foreign exchange, hedging, asset management, bancassurance, investment products, etc,) and traditional financial services such as loans, deposits and trade finance.

Outside the banking sector, three major oil and hydrocarbon companies also feature in the top 10: Vivo Energy Maroc (9th), TotalEnergies Maroc (8th) and Afriquia SMDC (5th). Maroc Telecom is the only company in the telecoms sector to feature among the ten largest Moroccan companies, occupying 4th place.

As for the most represented sectors, the trio of agri-food, agriculture and fisheries accounts for 85 companies in the “500 Global” ranking, while the mining and energy sectors represent 19.3% of total sales.

Finally, it is important to note that the Greater Casablanca region stands out as having the highest number of leading companies in Morocco, with 349 companies in the top 500, generating total sales of 694.7 billion dirhams, representing a share of 73.8%. The Rabat-Salé-Kénitra and Tangier-Tétouan-Al Hoceima regions follow, with shares of 13.9% and 7.6% respectively.

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