Biography Of Karim Benjelloun (Net Worth , Age , Wife) – Disway, Morocco’s leading technology distributor and retailer, reported a 5.3 percent gain in revenue at the conclusion of the first half of its fiscal year 2022, with total sales increasing to approximately $95 million during the time despite mounting supply chain challenges.
Disway is a key technology company in the Maghreb area, founded as a technology and hardware reseller by prominent Moroccan tech entrepreneur Karim Benjelloun. Disway’s general manager, Benjelloun, controls 7.36 percent of the corporation, or 138,822 ordinary shares.
Disway’s revenue increased by 5.3 percent to MAD973 million ($94.9 million) in the first half of 2022, according to activity indicators, from MAD924 million ($90 million) in the first half of 2021, owing to a rise in sales of desktops, laptop PCs, printing, and image goods.
Despite interruptions in its operational environment caused by supply chain and other industry-related challenges such as a chip shortage that has significantly damaged manufacturers’ production across the board, revenue growth in the first half of 2022 is in the single digits.
Despite problems in all elements of its business model, Disway was able to harness its powerful retail network to broaden its reach in the sector as part of an effort to attract high-end technology shoppers amid a surge in demand for digital items and accessories.
Its revenue in the first half of 2021 climbed by 6.2 percent to MAD818 million ($80 million) from MAD770 million ($75.1 million) in the first half of 2021.
Disway’s revenue declined to MAD481 million ($46.9 million) in the second quarter of 2022, down from MAD492 million ($47.9 million) in the first quarter of 2022. Karim Benjelloun
Disway has entered into a collaboration agreement with GCN Group to accelerate its digital transformation by adopting a new platform for the sale of software products, as it seeks to place revenue and profitability on a sustainable growth path. Karim Benjelloun
This follows the October 2021 introduction of a new version of its e-commerce website targeted to IT resellers, with the goal of realizing its promise as a prominent distributor. Karim Benjelloun
Disway indicated that it intends to pursue new cooperation prospects in the technology industry in order to extend its operational footprint, and that the preliminary delivery date of its new logistics platform in Skhirat would be maintained in the fourth quarter of 2022.