A leading figure in Morocco’s economic elite
Company: Ynna Holding
Biography: Miloud Chabbi is chairman of Ynna Holding, the private holding company for the Chaabi Group – one of Morocco’s largest private sector employers with 18,000 staff.
Chaabi Group’s main areas of activity include construction, real estate and manufacturing construction materials as well as tourism. All shares in Ynna Holding are owned by members of the Chaabi family.
In 1948, Miloud Chaabi started his career in the construction business in the Atlantic port town of Kenitra, and took his first step into industry in 1964 with the launch of a ceramic tiles plant in the town. Within a few years he had branched out into manufacturing paper, electric cables and batteries.
The conglomerate later diversified into producing steel, owning hotel chains and a hypermarket business. But the Chaabi family has kept tight control over its business: a first stock market listing for a group business came only in 2007.
Contact: (+212) 522 44 79 00
Company website: www.ynna.ma/