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.
