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CIMR
CIMR was founded in 1949 to administer retirement benefits for Moroccan private-sector workers. Hassan Boulaknadal holds the role of President and CEO and...
CIMR
CIMR was founded in 1949 to administer retirement benefits for Moroccan private-sector workers. Hassan Boulaknadal holds the role of President and CEO and represents the fund on multiple corporate boards. The fund operates as a non-profit entity without a single-family wealth source. CIMR deploys capital across public equities, real estate, and select private commitments. Public positions include a 14.9 percent stake in BCP, a 9.52 percent stake in Ciments du Maroc, and a 10 percent stake in CMT, all reported on the Casablanca Stock Exchange. Real-estate exposure runs through three OPCIs managed by Ajarinvest, Attijari REIM, and Africa Stone Management. Geographic focus remains Morocco with limited external commitments such as the EmergingTech Ventures vehicle. The fund also maintains mutual-fund holdings through Wafa Gestion. The organization lists no disclosed headcount or additional offices beyond its Casablanca headquarters. Service providers include Wafa Gestion for investment advice since 2003, Deloitte Morocco as statutory auditor since 2018, and Cabinet Hdid & Associés for legal counsel. CIMR sponsored its Annual General Meeting in June 2024 to approve financial results and actuarial balance sheets. It holds membership in CGEM and FMSAR. CIMR functions as an institutional investor with board representation at portfolio companies rather than a pure fund-of-funds structure. Governance ties link it to major Moroccan financial groups through shared directors such as Mohamed El Kettani of Attijariwafa Bank and Chakib Alj of CGEM.
General information
Firm type
Pension Fund
Year founded
1949
Location
Region
Africa
Country
Morocco
City
Casablanca
Corporate office
Intersection Boulevard de l'Aéropostale et boulevard Main street Casa Anfa. Hay Hassani
Principals
Hassan Boulaknadal
President and CEO
Mohamed El Kettani
Vice President
Altss tracks 1 additional named team member for this firm — including direct investment leads, IR, and operating principals not listed on the public website.
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Frequently asked questions
Who runs investment decisions at CIMR?
Hassan Boulaknadal serves as President and CEO and sits on multiple portfolio-company boards. Mohamed El Kettani and Chakib Alj act as Vice Presidents representing Attijariwafa Bank and CGEM respectively.
Does CIMR participate in fund commitments or only direct deals?
CIMR holds both direct public equities and commitments to OPCIs and mutual funds. Examples include positions in BCP and Ciments du Maroc alongside OPCI vehicles managed by Ajarinvest and Attijari REIM.
What asset classes does CIMR allocate to?
Allocations cover listed equities on the Casablanca Stock Exchange, commercial real estate through OPCIs, and limited venture and private-equity vehicles. Public stakes include BCP, CMT, and AFMA.
Where does CIMR source its investment opportunities?
Opportunities arise through board networks and local Moroccan financial institutions. Service providers such as Wafa Gestion and relationships with Al Mada support deal access.
How is CIMR governed relative to Moroccan pension regulations?
CIMR operates as one of four statutory pension funds under Moroccan rules for private-sector retirement. Its non-profit status and CGEM membership shape compliance and stakeholder oversight.
Which sectors appear most frequently in CIMR public holdings?
Financial services, basic materials, and real estate dominate disclosed positions. Stakes in BCP, Ciments du Maroc, and multiple OPCIs illustrate this pattern.
Does CIMR maintain external service providers for asset management?
Yes. Wafa Gestion has advised investments since 2003. Ajarinvest, Attijari REIM, and Africa Stone Management oversee real-estate vehicles. Deloitte Morocco serves as statutory auditor.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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