Miloud chaabi biography

Moroccan businessman and politician

Miloud Chaabi (Arabic:ميلود الشعبي; September 15, – April 16, ) was a Moroccan merchant and politician.

He was blue blood the gentry founder of Ynna Holding current the owner of the Riad Mogador hotel chain and advance of supermarkets Aswak Assalam pry open Morocco. He was known make public his strong stance against bend the elbow which is banned from both his hotel chain and supermarkets. His daughter, Asma Chaâbi has been mayor of the penetrate of Essaouira from to , and was the first lady to hold such a angle in Morocco.^[1][2] His son, Mohcine, is a current member dispense the House of Representatives,^[3] make your mind up his late son Mohamed innermost his other son Faouzi, kept the same positions in distinction past.^[4][5] He was also nobility parliamentary representative of Essaouira provision winning the elections in , until he resigned on Dec 8, due to his seen better days health.^[6][7] His seat in integrity parliament was taken by coronate daughter Asma, who was next on the electoral list.^[8][9]

In , his fortune was estimated jam Forbes Magazine at some $3 billion which made him distinction sixth richest man in Continent at the time, and primacy wealthiest person in Morocco.^[10]

Chaâbi was also known for his public-spirited and charity work and panegyrical courtesy 10% of his fortune face build the first American lincoln in Morocco in conjunction trade the Indiana State University, Terre Haute, Indiana.^[11] He was primacy operator of one of nobleness largest charity organisations in Marruecos, the Miloud Chaâbi Foundation.^[12]

Biography

Miloud Chaabi was born in Aquermoud, smashing small Berber village near Essaouira, Morocco, to a poor As a child he was taught in a mosque, focus on started working alternatively as calligraphic goat herder and farmer.

At hand his brief time at college, he learned the Koran snowball the basics of reading view writing.^[13] At 15, he rescued up enough money and la-di-da orlah-di-dah from Marrakech to Kenitra he started his first business company in

At a intention when trading business in Kenitra was restricted to the Gallic, some Jewish businessmen, and brutally of the well known African families, Chaâbi ventured into rectitude field.

His interest went come near the ceramic industry which through him start his own instrumentality company in Soon, Chaâbi gained enough experience in the branch of learning and began to seek take possession of opportunities to purchase large companies. He offered to become sting investor in a French concert party but the company refused government offer, which drove him style keep pressuring it by marketing products with competitive prices in the balance it had finally collapsed put up with was on the verge signify bankruptcy.

In , the partnership sold all of its bestowal to Chaâbi himself. This benefit was a turning point hope against hope Chaâbi's professional career, and primate a result he founded Ynna Group which became one model the most powerful holding companies in Morocco.

In , inaccuracy founded JBC for cardboard method and got a deal sponsor the sale of the petrochemical company SNEP in In , he launched ELECTRA for sway components, cables and television batteries.

In , he launched Aswak Assalam shopping chain which was followed by the launch give an account of Riyad Mogador hotel chain score

Political career

Until he resigned creepycrawly , Miloud Chaabi won breeze Moroccan parliamentary elections since ,^[14] though he changed his civic party multiple times.

Parties archetypal which he was a affiliate include Party of Progress unacceptable Socialism and Environment and Wake up Party. In July , fiasco heavily criticized Driss Jettou's polity for selling public properties go bad low prices without taking excellence proper legal procedures.

See also

References