Investments in affiliates and other long - term investments at December 31 , 2022 (thousand MAD )

Name of the issuing company Sector of activity Share capital

Share

of held

gross

book value

net book value

data from the issuing company ’ s most recent

financial statements

contri -

bution

to income

year ’ s

Year - end net assets net income

A - INVESTMENTS IN AFFILIATE COMPANIES 21 783 425 20 012 118 2 005 309

ATTIJARIWAFA BANK EGYPT Bank 5 000 000 KEGP 60 , 00 % 3 . 244 . 162 2 . 619 . 722 12 / 31 / 2021 5 802 620 KEGP

ATTIJARI TCHAD Bank 10 000 000 KFCFA 100 , 00 % 166 . 280 166 . 280 - -

BANK ASSAFA Bank 600 . 000 100 , 00 % 650 . 000 650 . 000 12 / 31 / 2021 227 . 269 - 48 . 727

CREDIT DU CONGO Bank 10 476 730 KFCFA 91 , 00 % 608 . 734 608 . 734 12 / 31 / 2021 29 715 410 KFCFA 6 383 840 KFCFA 41 . 233

SOCIETE CAMEROUNAISE DE BANQUE " SCB " Bank 10 540 000 KFCFA 51 , 00 % 379 . 110 379 . 110 12 / 31 / 2021 68 469 000 KFCFA 6 367 000 KFCFA 34 . 337

SUCCURSALE DE BRUXELLES EX BCM Bank 558 KEURO 100 , 00 % 57 . 588 57 . 588 06 / 30 / 2017 1 632 KEUR

UNION GABONAISE DE BANQUES " UGB GABON " Bank 10 000 000 KFCFA 58 , 71 % 848 . 842 848 . 842 12 / 31 / 2021 83 069 448 KFCFA 17 225 333 KFCFA 206 . 000

ATTIJARI FINANCES CORP

Investment bank

10 . 000 100 , 00 % 10 . 000 10 . 000 12 / 31 / 2021 38 . 589 3 . 103

ATTIJARIWAFA BANK MIDDLE EAST LIMITED

Investment bank

1 . 000 100 , 00 % 16 . 664 16 . 664 12 / 31 / 2021 10983 K EAD - 2 992 K EAD

WAFACAMBIO

Credit institution

100 , 00 % 963 963 - -

ATTIJARI INTERNATIONAL BANK " AIB "

Offshore bank

2 400 KEUR 100 , 00 % 92 . 442 92 . 442 12 / 31 / 2021 26 990 KEURO 4 070 KEURO 26 . 040

WAFABANK OFFSHORE DE TANGER

Offshore bank

100 , 00 % 5 . 842 5 . 842

ANDALUCARTAGE Holding 308 162 KEURO 100 , 00 % 3 . 937 . 574 3 . 937 . 574 12 / 31 / 2021 366 560 KEURO 17 565 KEURO 247 . 500

ATTIJARI AFRIQUE PARTICIPATION Holding 15 034 KEUR 100 , 00 % 167 . 245 167 . 245 09 / 30 / 2021 17 630 KEUR 1 589 KEUR 24 . 222

ATTIJARI AFRICA HOLDING Holding 4 . 122 . 815 100 , 00 % 4 . 122 . 815 4 . 122 . 815 12 / 31 / 2021 4 . 091 . 148 - 31 . 455

ATTIJARI IVOIRE SA Holding 32 450 KEUR 66 , 67 % 236 . 891 236 . 891 12 / 31 / 2021 39 634 KEUR 6 538 KEUR 51 . 217

ATTIJARIWAFA EURO FINANCES Holding 48 600 KEUR 100 , 00 % 662 . 271 662 . 271 12 / 31 / 2021 38 837 KEURO - 2 036 KEURO

BCM CORPORATION Holding 200 . 000 100 , 00 % 200 . 000 200 . 000 12 / 31 / 2021 209 . 438 11 . 907

KASOVI Holding 50 KUSD 100 , 00 % 1 . 519 . 737 725 . 280 12 / 31 / 2021 104 858 KUSD - 13 207 KUSD 420 . 470

OMNIUM DE GESTION MAROCAIN S . A . " OGM " Holding 950 . 490 50 , 00 % 1 . 638 . 145 1 . 638 . 145 06 / 30 / 2021 1 . 493 . 586 260 . 283 176 . 000

WAFA INVESTISSEMENT

Holding investment

1 . 787 100 , 00 % 46 46 12 / 31 / 2021 1 . 004 - 39

ATTIJARI ASSET MANAGEMENT AAM SA ( Sénégal ) Asset management 1 200 000 FCFA 70 , 00 % 13 . 889 13 . 889 31 / 12 / 2020 2 . 110 . 746 406 030 KFCFA 4 . 309

ATTIJARI SECURITISES CENTRAL AFRICA ( ASCA ) Asset management 1 312 000 K FCFA 70 , 00 % 15 . 351 15 . 351 12 / 31 / 2021 3 052 822 KFCFA 942 087 KFCFA 28 . 592

SOMACOVAM Asset management 5 . 000 100 , 00 % 30 . 000 - 12 / 31 / 2021 - 16 . 197 - 1 . 986

WAFA GESTION Asset management 4 . 900 66 , 00 % 236 . 369 236 . 369 12 / 31 / 2021 170 . 101 102 . 320 67 . 526

ATTIJARI INVEST . Asset management 5 . 000 100 , 00 % 5 . 000 5 . 000 12 / 31 / 2021 28 . 195 207

ATTIJARI CAPITAL DEVELOPEMENT

Venture capital

16 . 110 100 , 00 % 100 . 878 - 12 / 31 / 2021 - 16 . 591 2 . 382

CASA MADRID DEVELOPPEMENT

Capital developement

10 . 000 50 , 00 % 5 . 000 5 . 000 12 / 31 / 2021 10 . 192 - 36

WAFA BOURSE

Securities brokerage

20 . 000 100 , 00 % 25 . 223 7 . 501 12 / 31 / 2021 26 . 664 3 . 339 4 . 663

ATTIJARI INTERMEDIATION

Securities brokerage

5 . 000 100 , 00 % 39 . 492 39 . 492 12 / 31 / 2021 101 . 763 11 . 533 13 . 000

ATTIJARI TITRISATION

Securitization

11 . 400 100 , 00 % 11 . 700 11 . 700 12 / 31 / 2021 18 . 726 2 . 454

ATTIJARI INVESTMENT SOLUTIONS mandated management 5 . 000 100 , 00 % 5 . 000 5 . 000

FT MIFTAH I

Securitization fund

50 . 100 100 , 00 % 50 . 100 50 . 100 12 / 31 / 2021 679 . 984 789 6 . 268

FT MIFTAH II

Securitization fund

50 . 100 100 , 00 % 50 . 100 50 . 100 12 / 31 / 2021 834 . 195 982 11 . 462

FT MIFTAH III

Securitization fund

35 . 000 100 , 00 % 35 . 000 35 . 000 12 / 31 / 2021 976 . 413 9 . 099 10 . 808

WAFA TRUST

Consulting and financial

engineering

1 . 500 100 , 00 % 1 . 500 - 12 / 31 / 2021 - 821 - 136

WAFASALAF

Consumer finance

113 . 180 50 , 91 % 634 . 783 634 . 783 12 / 31 / 2021 1 . 744 . 916 301 . 291 152 . 732

WAFA LLD

Leasing

20 . 000 100 , 00 % 20 . 000 20 . 000 12 / 31 / 2021 16 . 768 7 . 295

WAFABAIL

Leasing

150 . 000 58 , 57 % 102 . 808 102 . 808 12 / 31 / 2021 1 . 207 . 880 110 . 813 35 . 342

DAR ASSAFAA LITAMWIL

Specialised financial

company

50 . 000 100 , 00 % 50 . 510 50 . 510 12 / 31 / 2021 106 . 077 9 . 881 42 . 575

ATTIJARI GLOBAL RESEARCH

Financial services

1 . 000 100 , 00 % 1 . 000 1 . 000 12 / 31 / 2021 1 . 295 - 833

ATTIJARI OPERATIONS AFRICA

Services company

1 . 000 100 , 00 % 1 . 000 572 12 / 31 / 2021 595 - 23

ATTIJARI AFRICA

Services company

2 . 000 100 , 00 % 2 . 000 2 . 000 12 / 31 / 2021 21 . 932 336

ATTIJARI CIB AFRICA

Services company

2 . 000 100 , 00 % 2 . 000 1 . 443 12 / 31 / 2021 1 . 463 - 20

ATTIJARI IT AFRICA

Services company

30 . 000 100 , 00 % 30 . 000 30 . 000 12 / 31 / 2021 61 . 632 12 . 049

ATTIJARI REIM

Securitization

5 . 000 100 , 00 % 5 . 000 - 12 / 31 / 2021 - 2 . 671 - 3 . 348

MEDI TRADE

Trading

1 . 200 20 , 00 % 240 136 12 / 31 / 2021 684 - 3

WAFA COURTAGE

Brokerage

1 . 000 100 , 00 % 2 . 397 2 . 397 12 / 31 / 2021 87 . 764 48 . 918 45 . 000

WAFACASH

Electronic banking

35 . 050 100 , 00 % 324 . 074 324 . 074 12 / 31 / 2021 391 . 534 142 . 778 142 . 000

ATTIJARI PAYMENT PROCESSING

Electronic banking

35 . 000 100 , 00 % 35 . 000 35 . 000 12 / 31 / 2021 85 . 001 14 . 365

DINERS CLUB DU MAROC

Bank card management

1 . 500 100 , 00 % 1 . 675 - 12 / 31 / 2021 - 763 - 301

STE MAROCAINE DE GESTION ET TRAITEMENT

INFORMATIQUE " SOMGETI "

Data processing

300 100 , 00 % 100 14 12 / 31 / 2021 35 - 21

WAFA SYSTEMES DATA

Data processing

1 . 500 100 , 00 % 1 . 500 1 02 / 28 / 2018 1 . 118 -

AGENA MAGHREB

Sale of computer

equipment

11 . 000 74 , 96 % 33 - 12 / 31 / 2021 - 7 . 310 - 81

WAFA COMMUNICATION

Communication

3 . 000 85 , 00 % 2 . 600 - 05 / 31 / 2020 - 2 . 481 - 214

WAFA SYSTEMES CONSULTING

Computer systems

consulting

5 000 99 88 4 994 4 994 02 28 2018 6 045

WAFA SYSTEMES FINANCES

Engineering computer

science

2 000 100 00 2 066 1 02 28 2018 827

WAFA FONCIERE

Property

2 000 100 00 3 700 1 577 12 31 2021 1 619 42

ATTIJARIA AL AAKARIA AL MAGHRIBIA

Property

10 000 100 00 9 999 9 999 12 31 2021 17 328 100

ATTIJARI RECOUVREMENT

Property

3 350 100 00 11 863 3 966 12 31 2021 3 987 22

AYK

Property

100 100 00 100 09 29 2021 1 111 18

SOCIETE IMMOBILIERE ATTIJARIA AL YOUSSOUFIA

Property

50 000 100 00 51 449 24 309 12 31 2021 24 427 118

STE IMMOB BOULEVARD PASTEUR SIBP

Property

300 50 00 25 25 12 31 2021 171 159

SOCIETE IMMOBILIERE DE L©HIVERNAGE SA

Property

15 000 100 00 33 531 1 108 12 31 2021 1 433 325

SOCIETE IMMOBILIERE MAIMOUNA

Property

300 100 00 5 266 1 946 12 31 2021 1 958 12

STE IMMOBILIERE MARRAKECH EXPANSION

Property

300 100 00 299 299 09 29 2021 352 9

SOCIETE IMMOBILIERE ZAKAT

Property

300 100 00 2 685 12 31 2021 5 476 1 040

SOCIETE CIVILE IMMOBILIERE TOGO LOME

Property

3 906 000 KFCFA 100 00 66 761 66 306 12 31 2019 3 725 324 KFCFA 21 570 KFCFA

ATTIJARI IMMOBILIER

Property

50 000 99 99 71 686 65 403 12 31 2021 65 409 780

AL MIFTAH

Property

100 100 00 244 12 31 2021 5 764 451

CAPRI

Property

25 000 100 00 88 400 06 30 2022 101 180 13 142

WAFA IMMOBILIER

Property

50 000 100 00 164 364 164 364 12 31 2021 171 780 113 350 113 000

ATTIJARI PROTECTION

Security

4 000 83 75 3 350 3 350 05 31 2020 4 136 16

SOCIETE AFRICAINE DU FLEUVE

Holding

3 320 K EURO 99 82 855 672 838 478 12 31 2021 85 270 KEURO 4 113 KEURO

101 013

ATTIJARI PRIME STONE

Collective undertaking

for real estate

investment

300 99 93 300 300