{"id":48366,"date":"2026-08-28T09:02:57","date_gmt":"2026-08-28T09:02:57","guid":{"rendered":"https:\/\/conseil-concurrence.ma\/?p=48366"},"modified":"2026-08-31T09:07:11","modified_gmt":"2026-08-31T09:07:11","slug":"%d8%a8%d9%84%d8%a7%d8%ba-%d9%84%d9%85%d8%ac%d9%84%d8%b3-%d8%a7%d9%84%d9%85%d9%86%d8%a7%d9%81%d8%b3%d8%a9-%d9%85%d8%aa%d8%b9%d9%84%d9%80%d9%82-%d8%a8%d8%aa%d8%a8%d9%84%d9%8a%d8%ba-%d9%85%d8%b4-321","status":"publish","type":"post","link":"https:\/\/conseil-concurrence.ma\/ar\/%d8%a8%d9%84%d8%a7%d8%ba-%d9%84%d9%85%d8%ac%d9%84%d8%b3-%d8%a7%d9%84%d9%85%d9%86%d8%a7%d9%81%d8%b3%d8%a9-%d9%85%d8%aa%d8%b9%d9%84%d9%80%d9%82-%d8%a8%d8%aa%d8%a8%d9%84%d9%8a%d8%ba-%d9%85%d8%b4-321\/","title":{"rendered":"\u0628\u0644\u0627\u063a \u0644\u0645\u062c\u0644\u0633 \u0627\u0644\u0645\u0646\u0627\u0641\u0633\u0629 \u0645\u062a\u0639\u0644\u0640\u0642 \u0628\u062a\u0628\u0644\u064a\u063a \u0645\u0634\u0631\u0648\u0639 \u0639\u0645\u0644\u064a\u0629 \u062a\u0631\u0643\u064a\u0632 \u0627\u0642\u062a\u0635\u0627\u062f\u064a \u064a\u062e\u0635 \u062a\u0648\u0644\u064a \u0634\u0631\u0643\u0629 &#8220;A.P. M\u00f8ller Capital P\/S&#8221;\u060c \u0645\u0646 \u062e\u0644\u0627\u0644 \u0634\u0631\u0643\u062a\u064a\u0647\u0627 &#8220;APM Capital Morocco Fund&#8221; \u0648 &#8220;EMIF II HOLDING VI CO\u00d6PERATIEF W.A&#8221;\u060c \u0627\u0644\u0645\u0631\u0627\u0642\u0628\u0629 \u0627\u0644\u0645\u0634\u062a\u0631\u0643\u0629 \u0644\u0634\u0631\u0643\u0629 &#8220;Globex Investissement SA&#8221;\u060c \u0625\u0644\u0649 \u062c\u0627\u0646\u0628 \u0627\u0644\u0645\u0633\u0627\u0647\u0645 \u0627\u0644\u0623\u0635\u0644\u064a \u0634\u0631\u0643\u0629 &#8220;Goldfin SA&#8221;\u060c \u0639\u0646 \u0637\u0631\u064a\u0642 \u0627\u0642\u062a\u0646\u0627\u0621 \u0646\u0633\u0628\u0629 %70 \u0645\u0646 \u0623\u0633\u0647\u0645 \u0631\u0623\u0633\u0645\u0627\u0644\u0647\u0627 \u0648\u062d\u0642\u0648\u0642 \u0627\u0644\u062a\u0635\u0648\u064a\u062a \u0627\u0644\u0645\u0631\u062a\u0628\u0637\u0629 \u0628\u0647\u0627."},"content":{"rendered":"<p>\u0637\u0628\u0642\u0627 \u0644\u0644\u0645\u0627\u062f\u0629 13 \u0645\u0646 \u0627\u0644\u0642\u0627\u0646\u0648\u0646 \u0631\u0642\u0645 12.104 \u0627\u0644\u0645\u062a\u0639\u0644\u0642 \u0628\u062d\u0631\u064a\u0629 \u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u0648\u0627\u0644\u0645\u0646\u0627\u0641\u0633\u0629 \u0648\u0627\u0644\u0645\u0627\u062f\u0629 10 \u0645\u0646 \u0627\u0644\u0645\u0631\u0633\u0648\u0645 \u0627\u0644\u062a\u0637\u0628\u064a\u0642\u064a \u0631\u0642\u0645 652.14.2 \u0643\u0645\u0627 \u062a\u0645 \u062a\u063a\u064a\u064a\u0631\u0647\u0645\u0627 \u0648\u062a\u062a\u0645\u064a\u0645\u0647\u0645\u0627\u060c \u064a\u0636\u0639 \u0645\u062c\u0644\u0633 \u0627\u0644\u0645\u0646\u0627\u0641\u0633\u0629 \u0631\u0647\u0646 \u0625\u0634\u0627\u0631\u0629 \u0627\u0644\u0639\u0645\u0648\u0645 \u00ab\u0645\u0644\u062e\u0635 \u0627\u0644\u0639\u0645\u0644\u064a\u0629\u00bb \u0623\u062f\u0646\u0627\u0647 \u0648\u0627\u0644\u0630\u064a \u064a\u062a\u0636\u0645\u0646 \u0627\u0644\u0645\u0639\u0644\u0648\u0645\u0627\u062a \u0627\u0644\u0645\u0648\u062c\u0647\u0629 \u0645\u0646 \u0642\u0628\u0644 \u0627\u0644\u0623\u0637\u0631\u0627\u0641.<\/p>\n<p>\u0648\u0642\u062f \u062a\u0645 \u0625\u0639\u062f\u0627\u062f \u0647\u0630\u0647 \u0627\u0644\u0645\u0639\u0644\u0648\u0645\u0627\u062a \u0645\u0646 \u0642\u0628\u0644 \u0627\u0644\u0623\u0637\u0631\u0627\u0641 \u0627\u0644\u0645\u0628\u0644\u063a\u0629 \u0627\u0644\u062a\u064a \u062a\u0639\u062a\u0628\u0631 \u0648\u062d\u062f\u0647\u0627 \u0627\u0644\u0645\u0633\u0624\u0648\u0644\u0629 \u0639\u0646\u0647\u0627\u060c \u0630\u0644\u0643 \u0623\u0646 \u0643\u0644 \u0627\u0644\u0645\u0639\u0644\u0648\u0645\u0627\u062a\u060c \u0627\u0644\u062e\u0627\u0637\u0626\u0629 \u0623\u0648 \u063a\u064a\u0631 \u0627\u0644\u0635\u062d\u064a\u062d\u0629\u060c \u0627\u0644\u062a\u064a \u0642\u062f \u062a\u0634\u062a\u0645\u0644 \u0639\u0644\u064a\u0647\u0627 \u0644\u0627 \u062a\u0639\u0628\u0631 \u0628\u062a\u0627\u062a\u0627 \u0639\u0646 \u0645\u0648\u0642\u0641 \u0645\u062c\u0644\u0633 \u0627\u0644\u0645\u0646\u0627\u0641\u0633\u0629 \u062d\u0648\u0644 \u0627\u0644\u0639\u0645\u0644\u064a\u0629 \u0627\u0644\u0645\u0631\u062a\u0642\u0628\u0629.<\/p>\n<p>\u0625\u0646 \u0646\u0634\u0631 \u0647\u0630\u0627 \u0627\u0644\u0628\u0644\u0627\u063a \u0644\u0627 \u064a\u0641\u064a\u062f \u0628\u0623\u0646 \u0645\u0644\u0641 \u0627\u0644\u062a\u0628\u0644\u064a\u063a \u064a\u0639\u062a\u0628\u0631 \u0643\u0627\u0645\u0644\u0627 \u0637\u0628\u0642\u0627 \u0644\u0623\u062d\u0643\u0627\u0645 \u0627\u0644\u0645\u0627\u062f\u0629 9 \u0645\u0646 \u0627\u0644\u0645\u0631\u0633\u0648\u0645 \u0631\u0642\u0645 2.14.652 \u0627\u0644\u0635\u0627\u062f\u0631 \u0628\u062a\u0637\u0628\u064a\u0642 \u0627\u0644\u0642\u0627\u0646\u0648\u0646 \u0631\u0642\u0645 104.12 \u0627\u0644\u0645\u062a\u0639\u0644\u0642 \u0628\u062d\u0631\u064a\u0629 \u0627\u0644\u0623\u0633\u0639\u0627\u0631 \u0648\u0627\u0644\u0645\u0646\u0627\u0641\u0633\u0629\u060c \u0643\u0645\u0627 \u062a\u0645 \u062a\u063a\u064a\u064a\u0631\u0647\u0645\u0627 \u0648\u062a\u062a\u0645\u064a\u0645\u0647\u0645\u0627.<\/p>\n<p><strong>\u0623\u0633\u0645\u0627\u0621 \u0627\u0644\u0645\u0642\u0627\u0648\u0644\u0627\u062a \u0648\u0627\u0644\u0645\u062c\u0645\u0648\u0639\u0627\u062a \u0627\u0644\u062a\u064a \u062a\u0646\u062a\u0645\u064a \u0625\u0644\u064a\u0647\u0627<\/strong><strong>:<\/strong><\/p>\n<ul>\n<li><strong>\u0627\u0644\u062c\u0647\u062a\u064a\u0646 \u0627\u0644\u0645\u0642\u062a\u0646\u064a\u062a\u064a\u0646<\/strong>: &#8211; \u0634\u0631\u0643\u0629 &#8220;APM Capital Morocco Fund&#8221;\u061b<\/li>\n<\/ul>\n<p>&#8211; \u0634\u0631\u0643\u0629 &#8220;EMIF II HOLDING VI CO\u00d6PERATIEF W.A&#8221;\u061b<\/p>\n<ul>\n<li><strong>\u0627\u0644\u0645\u0633\u0627\u0647\u0645<\/strong> <strong>\u0627\u0644\u0623\u0635\u0644\u064a<\/strong>: \u0634\u0631\u0643\u0629 &#8220;Goldfin SA&#8221;.<\/li>\n<\/ul>\n<p>&#8211; <strong>\u0627\u0644\u062c\u0647\u0629 \u0627\u0644\u0645\u0633\u062a\u0647\u062f\u0641\u0629<\/strong>: \u0634\u0631\u0643\u0629 &#8220;Globex Investissement SA&#8221;.<\/p>\n<p><strong>\u0637\u0628\u064a\u0639\u0629 \u0627\u0644\u0639\u0645\u0644\u064a\u0629:<\/strong><\/p>\n<ul>\n<li>\u062a\u0648\u0644\u064a \u0627\u0644\u0645\u0631\u0627\u0642\u0628\u0629 \u0627\u0644\u0645\u0634\u062a\u0631\u0643\u0629.<\/li>\n<\/ul>\n<p><strong>\u0627\u0644\u0642\u0637\u0627\u0639\u0627\u062a \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0627\u0644\u0645\u0639\u0646\u064a\u0629<\/strong>:<\/p>\n<ul>\n<li>\u0642\u0637\u0627\u0639 \u0646\u0642\u0644 \u0627\u0644\u0628\u0636\u0627\u0626\u0639.<\/li>\n<\/ul>\n<p><strong>\u0627\u0644\u0623\u062c\u0644 \u0627\u0644\u0645\u062d\u062f\u062f \u0644\u0644\u0623\u063a\u064a\u0627\u0631 \u0627\u0644\u0645\u0639\u0646\u064a\u064a\u0646 \u0645\u0646 \u0623\u062c\u0644 \u0625\u0628\u062f\u0627\u0621 \u0645\u0644\u0627\u062d\u0638\u0627\u062a\u0647\u0645<\/strong><strong>:<\/strong><\/p>\n<ul>\n<li>10 \u0623\u064a\u0627\u0645 \u0627\u0628\u062a\u062f\u0627\u0621 \u0645\u0646 \u062a\u0627\u0631\u064a\u062e \u0646\u0634\u0631 \u0647\u0630\u0627 \u0627\u0644\u0628\u0644\u0627\u063a\u060c \u0648\u064a\u0646\u062a\u0647\u064a \u0647\u0630\u0627 \u0627\u0644\u0623\u062c\u0644 \u064a\u0648\u0645 09 \u0634\u062a\u0646\u0628\u0631 2026.<\/li>\n<\/ul>\n<p><strong>\u0645\u0644\u062e\u0635 \u063a\u064a\u0631 \u0633\u0631\u064a \u0644\u0644\u0639\u0645\u0644\u064a\u0629 \u0645\u0633\u0644\u0645 \u0645\u0646 \u0642\u0628\u0644 \u0627\u0644\u0623\u0637\u0631\u0627\u0641<\/strong><\/p>\n<p>\u062a\u0648\u0635\u0644 \u0645\u062c\u0644\u0633 \u0627\u0644\u0645\u0646\u0640\u0627\u0641\u0633\u0629 \u0628\u062a\u0628\u0644\u064a\u063a \u0645\u062a\u0639\u0644\u0642 \u0628\u0645\u0634\u0640\u0631\u0648\u0639 \u0639\u0645\u0644\u064a\u0629 \u062a\u0631\u0643\u064a\u0632 \u0627\u0642\u062a\u0635\u0640\u0627\u062f\u064a \u064a\u062e\u0635 \u062a\u0648\u0644\u064a \u0634\u0631\u0643\u0629 &#8220;A.P. M\u00f8ller Capital P\/S&#8221;\u060c \u0645\u0646 \u062e\u0644\u0627\u0644 \u0634\u0631\u0643\u062a\u064a\u0647\u0627 &#8220;APM Capital Morocco Fund&#8221; \u0648 &#8220;EMIF II HOLDING VI CO\u00d6PERATIEF W.A&#8221;\u060c \u0627\u0644\u0645\u0631\u0627\u0642\u0628\u0629 \u0627\u0644\u0645\u0634\u062a\u0631\u0643\u0629 \u0644\u0634\u0631\u0643\u0629 &#8220;Globex Investissement SA&#8221;<a href=\"#_ftn1\" name=\"_ftnref1\">[1]<\/a>\u060c \u0625\u0644\u0649 \u062c\u0627\u0646\u0628 \u0627\u0644\u0645\u0633\u0627\u0647\u0645 \u0627\u0644\u0623\u0635\u0644\u064a \u0634\u0631\u0643\u0629 &#8220;Goldfin SA&#8221;\u060c \u0639\u0646 \u0637\u0631\u064a\u0642 \u0627\u0642\u062a\u0646\u0627\u0621 \u0646\u0633\u0628\u0629 %70 \u0645\u0646 \u0623\u0633\u0647\u0645 \u0631\u0623\u0633\u0645\u0627\u0644\u0647\u0627 \u0648\u062d\u0642\u0648\u0642 \u0627\u0644\u062a\u0635\u0648\u064a\u062a \u0627\u0644\u0645\u0631\u062a\u0628\u0637\u0629 \u0628\u0647\u0627\u060c \u0627\u0644\u0645\u0645\u0644\u0648\u0643\u0629 \u0645\u0646 \u0637\u0631\u0641 \u0643\u0644 \u0645\u0646 \u0634\u0631\u0643\u0629<br \/>\n&#8220;Amethis MENA Fund II S.C.A SICAV-RAIF&#8221; \u0648\u0634\u0631\u0643\u0629 &#8220;Goldfin SA&#8221;.<\/p>\n<p>\u0648\u0628\u0639\u062f \u0625\u062a\u0645\u0627\u0645 \u0627\u0644\u0639\u0645\u0644\u064a\u0629 \u0627\u0644\u0645\u0642\u062a\u0631\u062d\u0629\u060c \u0633\u062a\u0633\u062a\u0645\u0631 \u0634\u0631\u0643\u0629 &#8221; Goldfin SA &#8221; \u0628\u0627\u0644\u0627\u062d\u062a\u0641\u0627\u0638 \u0628\u062d\u0635\u0640\u0640\u0640\u0629 %30.<\/p>\n<p>&#8220;A.P. 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\u0647\u0640\u0640\u0640\u064a \u062a\u0639\u0640\u0640\u0627\u0648\u0646\u064a\u0629 \u064a\u0642\u0639 \u0645\u0642\u0631\u0647\u0627 \u0627\u0644\u0627\u062c\u062a\u0645\u0627\u0639\u064a \u0628\u0650\u0640 Koninginnegracht 19\u060c 2514AB \u0644\u0627\u0647\u0640\u0640\u0640\u0640\u0627\u064a\u060c \u0647\u0640\u0640\u0640\u0640\u0640\u0648\u0644\u0646\u062f\u0627\u060c \u0645\u0633\u062c\u0644\u0629 \u0641\u0640\u0640\u0640\u0640\u0640\u0640\u0640\u0640\u0640\u064a \u063a\u0640\u0640\u0640\u0640\u0640\u0640\u0640\u0640\u0640\u0631\u0641\u0629 \u0627\u0644\u062a\u062c\u0640\u0640\u0640\u0640\u0640\u0627\u0631\u0629 \u0627\u0644\u0647\u0640\u0640\u0640\u0640\u0640\u0648\u0644\u0646\u062f\u064a\u0640\u0640\u0640\u0640\u0640\u0640\u0640\u0629 \u062a\u062d\u0640\u0640\u0640\u0640\u062a \u0627\u0644\u0631\u0642\u0640\u0640\u0640\u0640\u0640\u0640\u0640\u0640\u0640\u0640\u0645 42060425. &#8220;Globex Investissement SA&#8221; \u0647\u064a \u0634\u0631\u0643\u0629 \u0645\u0633\u0627\u0647\u0645\u0629 \u062e\u0627\u0636\u0639\u0629 \u0644\u0644\u0642\u0627\u0646\u0648\u0646 \u0627\u0644\u0645\u063a\u0631\u0628\u064a \u0628\u0631\u0623\u0633 \u0645\u0627\u0644 \u0642\u062f\u0631\u0647 10.823.600 \u062f\u0631\u0647\u0645\u060c \u0648\u064a\u0642\u0639 \u0645\u0642\u0631\u0647\u0627 \u0627\u0644\u0627\u062c\u062a\u0645\u0627\u0639\u064a \u0628\u0650\u0640 \u0627\u0644\u0631\u0642\u0645 7\u060c \u0632\u0642\u0627\u0642 \u0644\u0648\u0631\u064a\u064a\u060c \u0627\u0644\u0634\u0637\u0631 \u0627\u0644\u0623\u0648\u0644 \u0645\u0646 Parc d\u2019activit\u00e9 Oukacha\u060c \u0627\u0644\u0637\u0627\u0628\u0642 N E 19\u060c \u0627\u0644\u0645\u0628\u0646\u0649 E\u060c \u0627\u0644\u0637\u0627\u0628\u0642 \u0627\u0644\u062b\u0627\u0644\u062b\u060c \u0639\u064a\u0640\u0640\u0640\u0646 \u0627\u0644\u0633\u0628\u0639\u060c \u0627\u0644\u062f\u0627\u0631 \u0627\u0644\u0628\u064a\u0636\u0627\u0621\u060c \u0645\u0633\u062c\u0644\u0629 \u0641\u064a \u0627\u0644\u0633\u062c\u0644 \u0627\u0644\u062a\u062c\u0627\u0631\u064a \u0644\u0644\u062f\u0627\u0631 \u0627\u0644\u0628\u064a\u0636\u0627\u0621 \u062a\u062d\u062a \u0627\u0644\u0631\u0642\u0645 201593. \u0648\u062a\u0646\u0634\u0637 \u0634\u0631\u0643\u0629 &#8220;Globex&#8221; 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\u0641\u064a \u0623\u0631\u0628\u0639\u0629 \u0642\u0637\u0627\u0639\u0627\u062a \u0631\u0626\u064a\u0633\u064a\u0629 \u0647\u064a \u0627\u0644\u0646\u0642\u0644 \u0648\u0627\u0644\u0644\u0648\u062c\u0633\u062a\u064a\u0627\u062a\u060c \u0648\u0627\u0644\u0623\u0645\u0646 \u0648\u0627\u0644\u062f\u0641\u0627\u0639\u060c \u0648\u0627\u0644\u0635\u0646\u0627\u0639\u0629 \u0627\u0644\u062f\u0648\u0627\u0626\u064a\u0629\u060c \u0648\u0627\u0644\u0627\u0646\u0639\u0627\u0634 \u0627\u0644\u0639\u0642\u0627\u0631\u064a. &nbsp; \u062d\u0631\u0631 \u0641\u064a \u0627\u0644\u0631\u0628\u0627\u0637 \u0628\u062a\u0627\u0631\u064a\u062e 28 \u063a\u0634\u062a 2026. &nbsp; [1] \u0628\u0627\u0633\u062a\u062b\u0646\u0627\u0621 \u0634\u0631\u0643\u062a\u064a\u00a0 \u00a0Globex Senegal \u00a0\u0648 \u00a0Globex Cameroun.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/conseil-concurrence.ma\/ar\/%d8%a8%d9%84%d8%a7%d8%ba-%d9%84%d9%85%d8%ac%d9%84%d8%b3-%d8%a7%d9%84%d9%85%d9%86%d8%a7%d9%81%d8%b3%d8%a9-%d9%85%d8%aa%d8%b9%d9%84%d9%80%d9%82-%d8%a8%d8%aa%d8%a8%d9%84%d9%8a%d8%ba-%d9%85%d8%b4-321\/\" \/>\n<meta property=\"og:site_name\" content=\"\u0645\u062c\u0644\u0633 \u0627\u0644\u0645\u0646\u0627\u0641\u0633\u0629\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-28T09:02:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-08-31T09:07:11+00:00\" \/>\n<meta name=\"author\" content=\"Youssef OTMANE\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u0643\u064f\u062a\u0628 \u0628\u0648\u0627\u0633\u0637\u0629\" \/>\n\t<meta name=\"twitter:data1\" content=\"Youssef OTMANE\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u0648\u0642\u062a \u0627\u0644\u0642\u0631\u0627\u0621\u0629 \u0627\u0644\u0645\u064f\u0642\u062f\u0651\u0631\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 \u062f\u0642\u0627\u0626\u0642\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/conseil-concurrence.ma\\\/ar\\\/%d8%a8%d9%84%d8%a7%d8%ba-%d9%84%d9%85%d8%ac%d9%84%d8%b3-%d8%a7%d9%84%d9%85%d9%86%d8%a7%d9%81%d8%b3%d8%a9-%d9%85%d8%aa%d8%b9%d9%84%d9%80%d9%82-%d8%a8%d8%aa%d8%a8%d9%84%d9%8a%d8%ba-%d9%85%d8%b4-321\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/conseil-concurrence.ma\\\/ar\\\/%d8%a8%d9%84%d8%a7%d8%ba-%d9%84%d9%85%d8%ac%d9%84%d8%b3-%d8%a7%d9%84%d9%85%d9%86%d8%a7%d9%81%d8%b3%d8%a9-%d9%85%d8%aa%d8%b9%d9%84%d9%80%d9%82-%d8%a8%d8%aa%d8%a8%d9%84%d9%8a%d8%ba-%d9%85%d8%b4-321\\\/\"},\"author\":{\"name\":\"Youssef OTMANE\",\"@id\":\"https:\\\/\\\/conseil-concurrence.ma\\\/ar\\\/#\\\/schema\\\/person\\\/03683379dc5edfcb3044e506a05bdf1b\"},\"headline\":\"\u0628\u0644\u0627\u063a \u0644\u0645\u062c\u0644\u0633 \u0627\u0644\u0645\u0646\u0627\u0641\u0633\u0629 \u0645\u062a\u0639\u0644\u0640\u0642 \u0628\u062a\u0628\u0644\u064a\u063a \u0645\u0634\u0631\u0648\u0639 \u0639\u0645\u0644\u064a\u0629 \u062a\u0631\u0643\u064a\u0632 \u0627\u0642\u062a\u0635\u0627\u062f\u064a \u064a\u062e\u0635 \u062a\u0648\u0644\u064a \u0634\u0631\u0643\u0629 &#8220;A.P. 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