The Caisse de dépot et de gestion (French for Deposit and Management Fund, shortened as CDG) is a state-owned financial institution which manages long-term savings in Morocco. Given its substantial assets it also acts as a large investor in the country, especially in the tourism sector. It possesses many subsidiaries operating in various sectors of the Economy.[1]
Caisse de dépôt et de gestion صندوق الإيداع و التدبير
The CDG handles in particular the savings of the RCAR (Régime Collectif d'Allocations de Retraite) and the CNRA (Caisse Nationale de Retraites et d'Assurances) pension funds which groups the retirement contributions of the employees of state-owned companies and agencies. Between 2005 and 2008, CDG gained substantial funding when it acquired the management of the retirement savings of the OCP, the world's leading phosphate producer and exporter.[2][3] CDG is modeled after the French fund Caisse des dépôts et consignations.
Starting in June 2006 CDG acquired its subsidiary Fipar International, 10% of Club Med and 5% of TUI for an estimated MAD3.7 billion.[1] It additionally spent some MAD2 billion as part of development and renovation projects for Club Med's portfolio.[1] In 2010, 2012 and 2013 saw the CDG gradually cede its stocks in Cub Med which have been dwindling since 2006 and finally sold at €17.5 in 2013, they have initially acquired for €44.9/share.[4][5][6][7]
Subsidiariesedit
As of November 2013 the subsidiaries of CDG were:[8][9][10][11]
Pension funds
Régime Collectif d'Allocation de Retraite (RCAR)
Caisse Nationale de Retraites et d'Assurances (CNRA)
caisse, dépôt, gestion, caisse, dépot, gestion, french, deposit, management, fund, shortened, state, owned, financial, institution, which, manages, long, term, savings, morocco, given, substantial, assets, also, acts, large, investor, country, especially, tour. The Caisse de depot et de gestion French for Deposit and Management Fund shortened as CDG is a state owned financial institution which manages long term savings in Morocco Given its substantial assets it also acts as a large investor in the country especially in the tourism sector It possesses many subsidiaries operating in various sectors of the Economy 1 Caisse de depot et de gestionصندوق الإيداع و التدبيرCompany typeInvestment fundIndustryPension fundFounded1959HeadquartersB P 408 Rabat Avenue Moulay Hassan Rabat MoroccoKey peopleAnas Houir AlamiTotal assetsDeposits MAD70 billion 2012 Total equityMAD15 03 billionWebsitewww cdg maThe CDG handles in particular the savings of the RCAR Regime Collectif d Allocations de Retraite and the CNRA Caisse Nationale de Retraites et d Assurances pension funds which groups the retirement contributions of the employees of state owned companies and agencies Between 2005 and 2008 CDG gained substantial funding when it acquired the management of the retirement savings of the OCP the world s leading phosphate producer and exporter 2 3 CDG is modeled after the French fund Caisse des depots et consignations Contents 1 History 1 1 Past CEOs 2 Investments 2 1 ClubMed amp TUI 3 Subsidiaries 4 References 5 External linksHistory editThe fund was created in 1959 by Mamoun Tahiri it holds about 35 of public savings in Morocco Past CEOs edit Mamoun Tahiri October 1959 June 1965 Ahmed Bennani June 1965 September 1966 Ahmed Benkirane September 1966 January 1968 Hassan Ababou January 1968 May 1970 Abdelkamel Reghaye May 1970 July 1974 M fadel Lahlou July 1974 April 1995 Khalid el Kadiri April 1995 August 2001 Mustapha Bakkoury August 2001 June 2009 Anas Houir Alami June 2009 August 2015 Abdelatif Zaghnoun 2015 2022 Khalid Safir July 2022 present Investments editRenault Tanger MarocClubMed amp TUI edit Starting in June 2006 CDG acquired its subsidiary Fipar International 10 of Club Med and 5 of TUI for an estimated MAD3 7 billion 1 It additionally spent some MAD2 billion as part of development and renovation projects for Club Med s portfolio 1 In 2010 2012 and 2013 saw the CDG gradually cede its stocks in Cub Med which have been dwindling since 2006 and finally sold at 17 5 in 2013 they have initially acquired for 44 9 share 4 5 6 7 Subsidiaries editAs of November 2013 the subsidiaries of CDG were 8 9 10 11 Pension funds Regime Collectif d Allocation de Retraite RCAR Caisse Nationale de Retraites et d Assurances CNRA Strategic Investments Private Equity Fipar Holding Banking CDG Capital CDG Capital Bourse CDG Capital Gestion CDG Capital Private Equity CDG Capital Real Estate CDG Capital Infrastructures Maghreb Titrisation CIH Credit Immobilier et Hotelier Insurance Atlanta Societe Centrale de Reassurance Loans SOFAC Real estate Tourism New Marina Casablanca NMC Fonciere Chellah FINEA Fonds Jaida Societe de Developpement Saidia SDS Societe d Amenagement et de Promotion de la Station de Taghazout SAPST Agence d Urbanisation amp de Developpement d Anfa Societe d Amenagement Zenata Jnane Saiss Developpement Sonadac Parc Haliopolis MEDZ Casanearshore Technopolis Nemotek Technologies MEDZ Industrial Parks MEDZ Sourcing Oued Fes CGI Management Golf Management Maroc GMM Al Manar Development Company CGI Dyar Al Mansour Avilmar Rabat Parking Casa Developpement Temara Developpement CG Park Norea Novec Patrilog Dyar Al Madina Exprom Facilities Hotels amp Resorts of Morocco HRM Sothermy Royal Golf de Fes SFCDG Creative Technologies Wood Med Paper Fonds Eucaforest Cellulose du Maroc Other HP CDG IT services Maroc Loterie NationaleReferences edit a b c Mehdi Michbal CDG LA descente aux enfers Telquel No 429 Archived from the original on November 3 2012 Retrieved 26 November 2013 Retraite La caisse de l OCP basculera au RCAR L Economiste 18 March 2005 Retrieved 16 March 2014 Groupe OCP Les pensions version RCAR pour fin octobre L Economiste 8 October 2008 Retrieved 16 March 2014 La CDG sort du Club Med LNT 26 June 2012 Retrieved 27 November 2013 Houda SIKAOUI 2 April 2012 CDG reduit sa presence dans Club Med Retrieved 27 November 2013 Reda HARMAK 15 June 2010 Le deal CDG Club Med se precise Les Ecos Retrieved 27 November 2013 Adam Wade 12 June 2006 Pourquoi la CDG s offre le Club Med Aujourd hui le Maroc Retrieved 27 November 2013 Prevoyance Retrieved 26 November 2013 Finance et Assurance Retrieved 26 November 2013 Developpement territorial Retrieved 26 November 2013 Autres metiers Retrieved 26 November 2013 External links editwww cdg ma CDG profile at the IDFC Retrieved from https en wikipedia org w index php title Caisse de depot et de gestion amp oldid 1103363036, wikipedia, wiki, book, books, library,
