“Sidigi” achieves earnings of 1,600 million dirhams

"sidiji" Generates a profit of 1,600 million dirhams
Photo: WAM

Friday 14 October 2022 – 13:10

The Depository and Management Funds Group (CDG) made a profit of around Dh1.6bn in the last year, after 2020, in which it posted a deficit of around Dh3.8bn.

According to data from the group’s annual report for 2021, private assets increased by around 11 percent, to reach about 16.7 billion dirhams at the end of last year.

The group achieved a net banking output of around Dh2.2 billion in 2021, an increase of 207 percent compared to 2020, which was marked by the repercussions of the Corona crisis.

The public institution functions as a national savings insurance agency through the management and investment of deposits in a number of sectors, not to mention the financing of the economy and the contribution to the construction of important infrastructure projects in the country. It also works in territorial development, tourism and investment, in addition to the banking and financial sectors.

The group has provided nearly 112,000 direct jobs through the projects it has led in the last ten years, since it has ensured the preparation of four offshore areas with an area of ​​about 288,000 square meters, and 14 industrial zones and clusters agricultural in an area of ​​907 hectares.

The group is affiliated with a number of companies operating in the real estate, tourism, insurance, retirement, health, education, banking and finance sectors, including Compañía General de Bienes Raíces (CGI), Banco de Bienes Raíces y Turismo , Diyar Al-Madina, Jaidah and the International University of Rabat.

investment Projects deposit fund and management