Al Akhawayn University in Ifrane - AUI Students Named Moroccan Champions in the CFA Institute Research Challenge - Morocco 2021

AUI Students Named Moroccan Champions in the CFA Institute Research Challenge - Morocco 2021



Last week, Al Akhawayn University SBA students placed first in Morocco in the first round of the CFA Institute Research Challenge organized by the Investment Analysts Society of North Africa (IASNA). As the Moroccan champion, the AUI team will represent Morocco in the sub-regional competition in March.


The CFA Institute Research Challenge is a competition between university-sponsored teams that research a designated publicly traded company, prepare a written report on that selected company, and then present their findings to a panel of judges. The purpose of the competition is to provide competing students with real-world experience in financial analysis and professional ethics.


The competition has four levels: local, sub-regional, regional, and global. Winners at the local level advance to compete against teams within their geographic region at the sub-regional level. Winning teams at the sub-regional level advance to compete at the regional level. Regional winners then advance to compete at the global level. Last year, more than 6,400 students and 1,100 universities from 98 countries participated in the CFA Institute Research Challenge. 


This year’s challenge began on November 14 and ended on January 30. The competing teams included AUI, ISCAE, and ENSIAS. The teams performed their analysis and valuation of EDITA Food Industries, an Egyptian publicly listed company. Their report was assessed by nine graders and the teams presented their research and investment recommendations in front a panel of seven jury members.   


The AUI winning team includes the following students: Ibtissam Samia, Hajar Yassine, Karim Bahoum, Ali Chekrad, and Oualid Benkirane. The team competed with the mentorship of AUI professor Dr. Imad Jabbouri. ISCAE placed second and ENSIAS in the local competition. In March, AUI will compete against the following countries: Bahrain, Jordan, Saudi Arabia, Lebanon, Egypt, Kuwait, UAE, Qatar, and Oman.