Login to your account

Username *
Password *
Remember Me

SAMIR: According to Mohamed El Krimi, who is in charge of the company’s liquidation, the buyout offer amounts to 31 billion dirhams, which might potentially be coming from a foreign stakeholder.


“The judge had to decide on the basis of expert reports that were provided to him, and I’ve introduced a concrete offer of a potential buyer in the file,” El Krimi told Telquel in an interview.


The company was expected to attend a hearing today to hear what the judge commissioner would rule on the minimum sale prize. That hearing has now been postponed to January 2.

El Krimi, however, would not reveal the identity of the buyer, though one thing’s for certain: it’s a foreign entity. All offers I’ve received have come from “foreign countries,” El Krimi adds.


“I’ve received no potential Moroccan buyers, but this doesn’t mean they might not manifest themselves when the sale procedure begins,” he continues.


Though no Moroccan buyer has so far come forth, rumors swirled in November about Afriquia and the National Office of Mines and Hydrocarbons potentially buying the refinery. Both entities have denied those claims.


SAMIR announced it was liquidating in June.