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Private company

Akwa Group

Logo: مجموعة أكوا, Public domain, via Wikimedia Commons3

Conglomerate company headquartered in Casablanca

Akwa Group is a private Moroccan conglomerate founded and owned by the Akhannouch and Wakrim families, from whom the group takes its name. The group operates in several key sectors of the Moroccan economy, including hydrocarbons, distribution, tourism, media, real estate, and renewable energy. It is known for its fuel brand Afriquia, its gas brand Afriquia Gaz, as well as for owning media outlets such as La Vie éco.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1959Founded1

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Akwa Group is a private Moroccan conglomerate founded and owned by the Akhannouch and Wakrim families, from whom the group takes its name. The group operates in several key sectors of the Moroccan economy, including hydrocarbons, distribution, tourism, media, real estate, and renewable energy.2

Corporate structure

Akwa Group sits at the top of its group. 4 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

The story

The company was incorporated in 1959 as Afriquia SMDC (Société Marocaine de Distribution de Carburants) which is now a subsidiary of Akwa Group. The other major subsidiary, Maghreb Oxygène, was established in 1974.

The corporate structure was reorganized in 1990s by creation of the holding company Groupe Afriquia. Its subsidiaries Afriquia Gaz and Maghreb Oxygène were publicly listed in 1999. Groupe Afriquia changed its name to Akwa Group in March 2002.

Afriquia fuel stations were targeted in the 2018 Moroccan boycott.

From Wikipedia’s article on Akwa Group, shared under CC BY-SA 4.0.4

Leadership

Who has led Akwa Group, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Soukayna Akhannouch2021–now
197019801990200020102020

Subsidiaries and ownership

Owners

  • Aziz Akhannouch

Subsidiaries

From Wikidata.1

Timeline

  1. 2021New chief executive Soukayna Akhannouch becomes CEO1
  2. 1959Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
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