Mounir Majidi

King of Morocco (1999-PRESENT)

MOHAMMED VI OF MOROCCO ASSOCIATE IN THE DATA:


Mounir Majidi


RELATED TO

Morroco

About

Mounir Majidi, a businessman and entrepreneur with an MBA degree from Pace University in New York, became the personal secretary to the King ​Mohammed VI of Morocco, in 2000. Two years later, the king appointed Majidi to be head of SIGER, the holding company of Morocco’s royal family with ​stakes in mining, agricultural and telecommunications businesses. Majidi, as head of the nonprofit association Maroc Cultures, organizes a popular, star-​studded annual world music festival, known as Festival Mawazine in Rabat. He also has been the president of a Rabat-based soccer club.

In the Data

In March 2006, Mounir Majidi received power of attorney privileges for SMCD Limited, which was incorporated in the British Virgin Islands in 2005. In ​January 2006, SMCD Limited authorized the purchase of a luxury 1930s schooner “Aquarius W” and put Majidi in charge of handling the transaction. After ​the purchase, the vessel was registered in Morocco. Renamed “El Boughaz I,” the schooner is now owned by King Mohammed VI. SMCD Limited was also used ​to make a loan for an unknown purpose to a Luxembourg-based company, Logimed Investments Co., Sàrl. SMCD Limited was liquidated in 2013. Majidi was ​also administrator of a Luxembourg company called Immobiliere Orion S.A., which borrowed $42 million in 2003 from a Mossack Fonseca-incorporated ​company to buy and renovate a luxury Paris apartment. It is unclear who owned the company that lent the money.

Response

A lawyer for Majidi said, "The two companies to which you refer were created in strict accordance with laws in place and their existence is available from ​public registers."

This visualization contains relevant information in relation to the profiled individual. Some additional connections might show up once we ​release the full structured data connected to the Paradise Papers investigation in the coming weeks.

RELATED DOCUMENTS