| |
|
Compagnie Générale Immobilière
(CGI.CSE)
|
|
Also known as: CGI
|
|
Sector | Industry Real Estate | Landlords and Developers
Country of Origin Morocco
|
|
| Last Trade |
| 2,100.00 MAD |
 - 0.05% |
|
|
|
Company Updated: Mar 13, 2008
|
| Country |
 |
Morocco
|
| Ownership Type |
|
Publicly Listed |
| Company Type |
|
Joint Stock |
| Sector | Industry |
|
|
|
|
| Principal Activities |
|
Real estate development and management; construction and engineering services. |
| Date of Establishment |
|
1960 (March) |
| No of Employees |
|
125 (Group) |
|
| |
|
|
| Key Officers |
Mohammed Ouanaya
Chairman
|
Abdulsalam Abu Mehdi
Director and General Manager, Finance
|
More Officers  |
|
| Contact Details |
Address:
Hay Ryad Espace Oudayas Mehdi Bubarka Street P.O. Box 2177 Rabat
Morocco Tel: +212 37-239494 Fax: +212 37-724597 Email:
cgi@cgi.net.ma
Website:
www.cgi.ma
|
|
| Privatisation Details |
| Listing Date: |
10Aug07 |
| Size of Offering: |
$430.97M
|
| Equity Offering: |
20% |
Lead
Managers: |
CDG Capital |
| » View Full Details |
| Latest Headline |
Sama-CGI in Dh2.24bn Morocco plan - Emirates Business 24/7
|
| More News |
|
|
|
|
| Business Overview |
Compagnie Generale Immobiliere (CGI) provides engineering, design, construction and management of residential and commercial properties in the real estate sector.
The government of Morocco established CGI in 1960 through a state-owned company, Caisse de Depot et de GestionCaisse de Depot et de Gestion (CDG) to develop residential buildings. CGI was acquired by a sister company, CDG Developpement in 2004, which expanded its offerings to high-end residential properties, golf courses, hotels, gardens and malls in addition to multi-functional commercial complexes.
CGI subsidiary Al Manar Development Company broke ground on a 2.7 million square foot Casablanca Marina multi-functional project in 2006. The Marina, which is worth MAD5.5 billion (USD678 million) will include a hotel, conference venue, residential apartments, business offices, restaurants, gardens and shopping facilities, when it is completed in 2012.
CGI began construction in 2006 on AMWAJ, a MAD16.2 billion (USD2 billion) residential and commercial project being developed by a consortium including its parent company CDG, Dubai International Properties (DPI) and SABR Management. AMWAJ has an area of 100 hectares (10.7 million square foot) located in Rabat and will consist, when it is completed in 2009, of commercial and residential towers, a marina, hotels, convention centers, multiplexes, residential units and shopping malls.
CGI will undergo an IPO in July 2007 offering 20% of its shares on the Casablanca Stock ExchangeCasablanca Stock Exchange to raise MAD3.5 billion (USD430 million).
|
|
| Major Shareholders |
|
 |
Available to subscribers only. Information in this section includes Shareholder Names and their corresponding Holding Percentages. » More Details |
|
| Organization Structure and Related Entities |
| Subsidiaries/Associates/Affiliates |
|
|
|
|
| Société Al Manar Development Company |
Morocco | 70.00% |
|
|
| Developments and Projects |
|
|
|
|
| Casablanca Marina [via Société Al Manar Development Company] |
Morocco | 70.00% |
| Salam Resort |
Morocco | 30.00% |
| Amwaj |
Morocco | 20.00% |
| Chrifia Oasis Resort |
Morocco | - |
|
|
|
| Representatives
|
| Auditors |
|
| KPMG Middle East and South Asia |
Deloitte and Touche Middle East |
|
|
|
| Banks |
|
| Crédit Agricole du Maroc |
Crédit du Maroc |
|
|
|
| Law Firms |
|
| Cabinet Naciri et Associés |
|
|
|
| Competitors |
|
|
|
| Summary Financials |
|
|
Available to subscribers only. Information in this section includes key financials data such as Total Revenues, Net Profits, Totals Assets, Shareholder Equity, etc. » More Details |
|
|
|
|
|
|
| Company information provided by © 2008 ABQ Zawya Ltd. |
|
|
|
|
|
|
| |
|
Loading ...
Talk To Zawya Analyst
List Related Companies