Morocco’s King Appoints Commissions to Supervise Planned Privatizations
King Mohammed VI has appointed members of the two commissions, the “Transfer Commission” and the “Evaluation Body” that will supervise the planned privatization of a number of public institutions that will bring in some 10 billion Dirhams.
The Transfer Commission includes Zouhair Chorfi, Secretary General of the Ministry of Finance; Fouzia Zaaboul, Director of the Treasury and External Finance; Khalid Safir, Director General of Local Government; Mounia Boucetta, Secretary of State to the Minister of Foreign Affairs; and Mohamed Sadiki, Secretary General of the Ministry of Agriculture.
The members to sit in the Evaluation body, chaired by Abdellatif Jouahri, wali of Bank-Al-Maghrib, are Ahmed Reda Chami, President of the Economic, Social and Environmental Council as Vice-President; Mohamed Amine Benhalima (CEO of Fipar, a financial and investment Holding); Hassan Boubrik, president of ACAPS, the Supervisory Authority of Insurance and Social Welfare; Amina Benkhadra, CEO of ONHYM; Ghizlane Guedira, OCP Financial Executive Director; and Dia Oudghiri.
It should be noted that the 2019 Finance Law expects privatization proceeds to stand at around 5 billion dirhams. However, two public entities were added to the list of privatizable companies, namely La Mamounia Hotel establishment and the Tahaddart Thermal Power Plant.