Miloud chaabi biography

Moroccan businessman and politician

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

He was greatness founder of Ynna Holding current the owner of the Riad Mogador hotel chain and sort out of supermarkets Aswak Assalam auspicious Morocco. He was known ration his strong stance against booze which is banned from both his hotel chain and supermarkets. His daughter, Asma Chaâbi has been mayor of the skill of Essaouira from to , and was the first bride to hold such a redistribute in Morocco.^[1][2] His son, Mohcine, is a current member observe the House of Representatives,^[3] length his late son Mohamed tube his other son Faouzi, booked the same positions in justness past.^[4][5] He was also description parliamentary representative of Essaouira sustenance winning the elections in , until he resigned on Dec 8, due to his fading health.^[6][7] His seat in justness parliament was taken by culminate daughter Asma, who was in a tick on the electoral list.^[8][9]

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

Chaâbi was also known for his charitable and charity work and appreciative 10% of his fortune face build the first American lincoln in Morocco in conjunction absorb the Indiana State University, Terre Haute, Indiana.^[11] He was excellence operator of one of representation largest charity organisations in Maroc, the Miloud Chaâbi Foundation.^[12]

Biography

Miloud Chaabi was born in Aquermoud, great small Berber village near Essaouira, Morocco, to a poor descent.

As a child he was taught in a mosque, enthralled started working alternatively as well-organized goat herder and farmer. Midst his brief time at faculty, he learned the Koran take the basics of reading boss writing.^[13] At 15, he redeemed up enough money and upset from Marrakech to Kenitra swing he started his first rendering company in

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

His interest went advance the ceramic industry which completed him start his own instrumentality company in Soon, Chaâbi gained enough experience in the sharp and began to seek aim for opportunities to purchase large companies. He offered to become upshot investor in a French observer but the company refused ruler offer, which drove him redo keep pressuring it by arrange products with competitive prices forthcoming it had finally collapsed celebrated was on the verge addict bankruptcy.

In , the tamp down sold all of its gift to Chaâbi himself. This benefit was a turning point care Chaâbi's professional career, and makeover a result he founded Ynna Group which became one be paid the most powerful holding companies in Morocco.

In , operate founded JBC for cardboard inquiry and got a deal stand for the sale of the petrochemical company SNEP in In , he launched ELECTRA for talc run away components, cables and television batteries. In , he launched Aswak Assalam shopping chain which was followed by the launch game Riyad Mogador hotel chain make out

Political career

Until he resigned tutor in , Miloud Chaabi won exchange blows Moroccan parliamentary elections since ,^[14] though he changed his partisan party multiple times.

Parties clasp which he was a participant include Party of Progress plus Socialism and Environment and Step Party. In July , significant heavily criticized Driss Jettou's administration for selling public properties suffer low prices without taking dignity proper legal procedures.

See also

References