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Miloud Chaâbi (Arabic:ميلود الشعبي) (born in 1929 in Chiadmi near Essaouira) is a Moroccan businessman and politician. He is the founder of Ynna Holding and the owner of the Riad Mogador hotel chain and group of supermarkets "Aswak Assalam" in Morocco. He is known for his strong stance against alcohol which is banned from both his hotel chain and supermarkets. He was affiliated with the Party of Progress and Socialism under which he was elected MP for the city of Essaouira in the parliamentary elections in 2007 in Morocco. His daughter, Asma Chaâbi has been mayor of the city of Essaouira since 2003.

His fortune is estimated at some 40 billion dirhams and one of the richest men in Morocco.^{[citation needed]}.

Chaâbi is also known for his philanthropic and charity work and donated 10% of his fortune to build the first American university in Morocco in conjunction with the University of Maryland, College Park.^[1] He is the operator of one of the largest charity organisations in Morocco, the Miloud Chaâbi Foundation.^[2]

[edit] References

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