Morocco’s largest telecoms operator Maroc Telecom has announced that the company has renewed the term of Abdeslam Ahizoune as chairman of the executive board as well as Brahim Boudaoud, Hassan Rachad and Francois Vitte as members. The announcement was made during Maroc Telecom’s supervisory board meeting on Friday, February 15.
Furthermore, the company has also appointed Abdelkader Maamar as a member of the executive board to replace Larbi Guedira, who has retired. Maamar is the current marketing director. He has held several positions of responsibility at Maroc Telecom, including director of consumer sales.
In related news, Maroc Telecom on Monday reported an increased profit in the financial year ended 31 December 2018 on the back of higher data activity and said it expects revenue to remain stable this year. The telecom operator posted a 2.3 percent rise in adjusted net profit to 6 billion dirhams ($629 million), with consolidated revenue up 3.1 percent at 36 billion dirhams while its operating margin rose 0.5 percent to 49.6 percent, reported Telecompaper.
During the last year, Maroc Telecom’s customer base grew by 6.5 percent to 61 million users, including 19.1 million mobile phone clients in Morocco. The company announced it will pay out all of its profit in dividends at 6.83 dirhams per share, up 5.4 percent over 2017. driven by strong growth in both Mobile and Fixed-line broadband customer bases in Morocco (+14.2% and +8.9% respectively) as well as in subsidiaries’ Mobile customer bases
“In an environment marked by significant changes and an intensely competitive market, the Maroc Telecom Group registered sustained growth in its key performance indicators,” said Mr. Abdeslam Ahizoune, Chairman of Maroc Telecom’s Management Board.
He added that the company’s domestic markets as well as in its subsidiaries, growth is mainly driven by data, which reaffirms the relevance of the Group’s investment strategy. He said in 2019, digital transformation and innovation will form an even bigger part of the telecom operator’s strategic priorities.