In this same upward trend, the equity raised by OPCI management companies more than doubled in 2021, standing at more than 38.07 MDH, against 17.27 MDH a year earlier, notes the AMMC in its annual report for the 2021 financial year.
For the consolidated turnover of OPCI management companies, it recorded an increase of 42% in 2021 to stand at 134.22 MDH, against 94.71 MDH in 2020, notes the Authority, indicating that this improvement is explained by the entry into activity of 14 new OPCIs in 2021.
At the end of 2021, the total net assets of the 21 active OPCIs reached MAD 21.59 billion, held by 14 OPCIs in the form of SPI-RFA and 7 OPCIs in the form of SPI, and managed by 7 management companies of OPCI.
Regarding the concentration of activity, the aggregate market share of the first two management companies, AJARINVEST and AFRICASTONE MANAGEMENT is 87.33% with net assets under management of 18.86 billion dirhams at the end of 2021. The top two OPCIs in terms of assets under management represent 64.51% of total net assets under management.not.