Investor Memo: The Palace Portfolio — Inside Al Mada, the Holding Company Through Which Morocco’s Royal Family Controls $17.5 Billion of the Economy
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Morocco’s royal family controls ~$17.5 billion of listed companies — two-thirds of it mining — through a single vehicle, Al Mada. A study of how great fortunes are built to hold and command entire sectors, not to be counted. A look inside the structure, not the person.
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