Karim Beqqali

Chairman

With over 18 years of experience in real estate, Karim Beqqali began his career in
investment at Nexity in Madrid, then joined CBRE, where he held several roles across
multiple geographies. He first worked with CBRE London (City Investment Desk), then with
CBRE Dubai during the launch of its Middle East operations, and later with CBRE Madrid.

In 2006, he established the CBRE office in Casablanca, covering the North African region,
and became its Managing Director. He also served on the Management Boards of both
CBRE MENA (Middle East & North Africa) and CBRE Spain.

Under his leadership, CBRE Casablanca grew from 2 to 38 professionals in just seven years,
becoming the market leader in the region.

He later became CEO of Ynexis Group and its subsidiaries.

Karim Beqqali is a graduate of ESSEC Business School and completed his preparatory
classes at Sainte-Geneviève (Versailles). He is also an alumnus of the “High Potentials
Leadership Program” at Harvard Business School. He is fluent in French, English, Arabic,
and Spanish.

Franck Coudert

Partner and Co-Head of Investment Management & Hospitality

With over 22 years of experience in investment operations and asset management,
particularly in the real estate sector. Franck Coudert joined Ynexis Group in 2021.

As Co-Head of Investment Management, he co-leads the division and oversees all
investment and development initiatives carried out on behalf of Ynexis Group's clients.

Franck began his career in Paris as a lawyer in the Corporate/M&A departments of Ashurst
and Reed Smith, later becoming a partner at Clifford Chance and DLA Piper in Casablanca.

Over the course of his career, he has advised numerous investment funds, financial
institutions, and companies in their investment transactions. He notably supported Ynexis
Group in all its strategic operations over the past five years. He also has significant expertise
in fund structuring and the setup of investment vehicles.

Franck Coudert is a graduate of the London School of Economics (Real Estate Economics
and Finance), Georgetown University (LL.M.), Université Panthéon-Sorbonne (DEA in
Business Law), and Université Paris II Panthéon-Assas (Master’s in Business and Tax Law).

He has been admitted to the Paris and New York bars. He is fluent in English and French.

Hicham Lazraq

Chief Operating Officer (COO)

Hicham Lazraq has 18 years of experience in finance, investment, and real estate asset
management.

Before joining Ynexis Group, he spent five years at CBRE Global Investors in Paris, where
he managed the financial portfolio of two pan-European value-add funds, with assets located
in Germany, Austria, Belgium, France, Italy, and the Netherlands. He was responsible for
setting up and monitoring investment strategies, investor relations, performance
management, and bank debt oversight.

He began his career at PwC in Paris, where he spent two years in Corporate Finance
followed by three years in the Real Estate Transaction Services team. There, he advised
both French and international investors on the acquisition and sale of real estate portfolios.

Hicham Lazraq is a graduate of HEC Paris and completed preparatory studies at SainteGeneviève (Versailles). He also holds a DESS in Business Law and Taxation (Université
Paris I – Panthéon-Sorbonne) and the DESCF (Advanced Diploma in Accounting and
Financial Studies). He is fluent in French, English, Arabic, and Spanish.

Zineb Masrour

Partner and Co-Head of Investment Management & Hospitality

Zineb Masrour has 12 years of experience in real estate and 5 years in investment banking
(Corporate Finance). She joined Ynexis Group in 2013.

As Co-Head of Investment Management, she co-leads the division and oversees all
investment and development initiatives for Ynexis Group’s clients.

Zineb began her career in Paris in the M&A departments of Crédit Agricole and Compagnie
Financière Edmond de Rothschild, before joining CFG Group in Casablanca where she
worked for nearly four years in the Corporate Finance division.

In 2010, she joined CBRE in Casablanca, where she headed the Investment and Capital
Markets departments.

Throughout her career, Zineb has led numerous complex advisory assignments, including
acquisitions, financial and legal structuring of various real estate projects, equity fundraising
via private placements, and the securing of bank financing.

Karima Zaouia

Managing Director – Yamed

With 15 years of experience in real estate investment and asset management. Karima
Zaouia joined Ynexis Group in 2015, where she leads the Property Development division and
oversees all real estate development projects managed by the group.

Previously, she spent nearly five years at Unibail-Rodamco in Paris (Europe’s leading
commercial real estate company) as Investment Director. She managed a portfolio of office
and hotel assets worth approximately €1 billion across France and the Netherlands. She was
involved in every phase of asset management, from acquisition and development through to
sale. She was responsible for optimizing financial performance, leading restructuring
projects, managing disposals, negotiating leases, SPAs, and LOIs with both tenants
(including CAC 40 companies) and investors, and sourcing acquisition opportunities.

She then joined Allianz Real Estate in Paris as Senior Asset Manager, overseeing a portfolio
of office, retail, and residential assets on behalf of Allianz insurance companies, and led a
team of four.

Karima Zaouia is a graduate of École Centrale Paris and holds a Bachelor's degree in
Applied Economics from Paris IX Dauphine University. She is fluent in French, English, and
Arabic.