فاس نيوز ميديا جريدة الكترونية جهوية تعنى بشؤون و أخبار جهة فاس مكناس – متجددة على مدار الساعة
In a move reflecting the financial challenges facing major companies in Morocco, the Commercial Court in Fes has issued a ruling to seize the assets of “Young Builders,” owned by Chakib Alalj, president of the General Confederation of Moroccan Enterprises (CGEM).
This decision is part of legal measures to ensure the repayment of accumulated debts owed by the company, which is considered a prominent player in the public contracting sector.
The court ruling encompasses five decisions, including precautionary and executive seizures, targeting assets valued at over 12 million dirhams.
The decision is attributed to the accumulation of debts by the company, including dues related to the National Social Security Fund (CNSS), underscoring the importance of financial responsibility for companies.
This ruling not only sheds light on the situation of “Young Builders” but also highlights the challenges that major companies may face in maintaining their financial stability.
Despite being managed by prominent figures, these companies are not immune to financial crises. This raises questions about how social and tax debts are managed and their impact on the financial health of companies.
This incident calls for reflection on the importance of adhering to financial responsibilities and enhancing transparency in corporate governance.
It also demonstrates the need to review financial and business policies to ensure stability in Morocco’s business environment and avoid the risks that may arise from debt accumulation.
source : fesnews media
