Press release

AL AKHAWAYN UNIVERSITY- IFRANE named Winner of the CFA Institute Research Challenge 2022 Morocco Final

Students advance to the next level of the world’s leading investment research competition

Casablanca 26th February 2022,

Casablanca Finance City Authority hosted today the CFA Institute Research Challenge 2022 Morocco Final organised by the Investment Analysts Society of North Africa (IASNA). 

The Research Challenge is an international annual competition between teams of students in preparing an investment case consisting of a detailed research report and a presentation of a listed company. This year’s company for Morocco National Competition was Aradei Capital.

Al Akhawayn University in Ifrane (AUI) team has won the Morocco National Round of the 2022 CFA Institute Research Challenge and will advance to the MENA Regional competition (Middle East and North Africa) where they will face universities from the following countries: Bahrain, Qatar, Egypt, Emirates, Jordan, Kuwait, Lebanon, Oman, and Saudi Arabia. Following the regional competitions, the global final will take place on 16 Mai 2022. 

Winning team members, including Sahl El Khamkhami, Nisrine Hachimi, and Imane El Hanine presented their analysis and recommendation to a panel of distinguished judges from the investment community, including Mr. Mohammed Otmane Amrani, CFA Charterholder; Mr. Reda Hilali, CFA Charterholder; Mr. Omar Achab, CFA Charterholder; and Mr. Mohammed Rachid, Director at CFCA.

The winning team were mentored by Faculty Advisor Dr. Imad Jabbouri, CFA, and Industry Mentor Mr. Aymane Chetibi, CFA.

The presentations were the culmination of months of research, interviews with company management, competitors, and clients, as well as presentation training. All participating teams received hands-on mentoring, and intensive training in financial analysis and professional ethics delivered through the CFA Institute network, their faculty advisor, and a dedicated industry mentor.

“In this second edition of the CFA Challenge in Morocco, Moroccan university participation increased by 400%! We went from 3 to 15 actively participating teams. Thanks to the work undertaken by the students, their mentors, and by the society volunteers, the quality of reports and presentations by the teams has also substantially improved from last year. We believe there is a bright future for Morocco in this international competition. We wish the AL AKHAWAYN UNIVERSITY team best of luck in the international competition” said Zakariae LHADJ KACEM, CFA Charterholder and President of IASNA. 

“The CFA Institute Research Challenge not only showcases the knowledge and expertise of these investment professionals of the future, but also displays their commitment to ethics and principled conduct that is so critical to building a better world for investors. Despite the challenges the pandemic has brought us, all these students have shown incredible resilience and dedication. It’s inspiring to see the next generation of investment professionals in Morocco and know that the future of our industry is in capable hands” said William Tohme, Senior Regional Head, MENA at CFA Institute.   

The following universities also participated in the Final National Competition:
Ecole Nationale des Sciences Appliquées (ENSA) – Agadir 
Ecole Nationale de Commerce et de Gestion (ENCG) – El Jadida
Institut Supérieur de Commerce et d'Administration des Entreprises (ISCAE)- Casablanca

About the CFA Institute Research Challenge 
The CFA Institute Research Challenge gathers students, investment industry professionals, publicly traded companies, and corporate sponsors together locally, regionally, and globally for an annual competition. In order to promote best practices in equity research and company analysis, students research, analyze, and report on a company as if they are practicing analysts. Local CFA member societies and other affiliated groups host local level competitions of the Research Challenge in conjunction with the participating universities. The universities assemble teams of three to five business and finance students who work directly with a company in researching and preparing a company analysis. The team’s final presentations are locally evaluated by high-profile panels of heads of research, portfolio managers, and chief investment officers from the world’s top firms. The local champions advance to regional competitions for the Americas, Asia Pacific, and Europe, Middle East, and Africa (EMEA) before the Global Final, which will be held in May 2022. Additional information on the Research Challenge is available on the CFA Institute website.

About the Investment Analysts Society of North Africa (IASNA) 
The Investment Analysts Society of North Africa (IASNA) is an independent professional body based in Casablanca. It promotes the highest standards in ethics, professional excellence, and financial education. You can contact IASNA by clicking here.

About CFA Institute 
CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion of ethical behavior in investment markets and a respected source of knowledge in the global financial community. Our aim is to create an environment where investors’ interests come first, markets function at their best, and economies grow. There are more than 175,000 CFA® charterholders worldwide in more than 160 markets. CFA Institute has nine offices worldwide and there are 160 local societies. For more information, visit the CFA Institute website.

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