Akwa Group S.A. (former name: ''Groupe Afriquia'') is a conglomerate company headquartered in
Casablanca
Casablanca, also known in Arabic as Dar al-Bayda ( ar, الدَّار الْبَيْضَاء, al-Dār al-Bayḍāʾ, ; ber, ⴹⴹⴰⵕⵍⴱⵉⴹⴰ, ḍḍaṛlbiḍa, : "White House") is the largest city in Morocco and the country's econom ...
. The company is primarily engaged in the
oil and gas industry
The petroleum industry, also known as the oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transportation (often by oil tankers and pipelines), and marketing of petroleum products. The largest ...
, but operates also in the telecommunication, tourism, hotels and real estate sectors. Its service stations operate under the Afriquia brand.
History
The company was established in 1959 as Afriquia SMDC (''Société Marocaine de Distribution de Carburants'') which is now a subsidiary of Akwa Group S.A. 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.
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References
External links
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1959 establishments in Morocco
Conglomerate companies established in 1959
Conglomerate companies of Morocco
Convenience stores of Morocco
Oil and gas companies of Morocco
Companies based in Casablanca
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