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SOMED
SOMED (french: Société Maroco-Emiratie de Développement) is a conglomerate company based in Morocco. Its active in a range of sectors such as mining, construction material dealership, tourism, real estate development, food processing and Car dealership. Its capital is composed of Mohammed VI's holding company SNI, Emirati private funds and the Moroccan state. Ownership In February 2008, the SNI entered in the capital of the company, buying an equivalent of 1.24 billion Dirhams of shares. The partition then became: * 32.9% SNI * 33.9% Private Emirati funds * 33.25% Trésor Marocain (Moroccan state) Former Morocco's Minister of the Interior, Mostapha Sahel was the CEO of the firm. Activities The SOMED developed the ''Mazagan Beach Resort, Casino, Golf and Spa'' which it sold to the state-owned institution CDG in 2010 for an undisclosed amount. Subsidiaries The companies official websites mentions the following subsidiaries: *Hotels **Sheraton Casablanca **Hôtel Pullman Marrake ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Société Nationale D'Investissement
Al Mada, formerly the Société Nationale d'Investissement (SNI, ) is a large private Moroccan holding company mainly owned by the Moroccan royal family. Headquartered in Casablanca, the company was established in 1966. Al Mada operates in different fields such as banking, telecommunications, renewable energy businesses and food industry among others. The conglomerate also holds stakes in the country's largest private companies: Attijariwafa Bank, Managem (mining), Nareva (energy firm), Lafarge Ciments, and Marjane (supermarket chain). Al Mada is investing in other African countries (Cameroon, Ivory Coast, Rwanda, Gabon, etc.). The holding company used to be the majority shareholder of the now defunct ONA Group, until the activities of the latter were absorbed into the SNI and subsequently disposed of. In 2012, the company's consolidated turnover was MAD53 billion (US$5.3 billion) and its net income was MAD5 billion (US$500 million). History Created in 1966, SNI has been list ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mohammed VI Of Morocco
Mohammed VI ( ar, محمد السادس; born 21 August 1963) is the King of Morocco. He belongs to the 'Alawi dynasty and acceded to the throne on 23 July 1999, upon the death of his father, King Hassan II. Upon ascending to the throne, Mohammed initially introduced a number of reforms and changed the family code, ''Mudawana'', granting women more power. Leaked diplomatic cables from WikiLeaks in 2010 led to allegations of corruption in the court of Mohammed, implicating him and his closest advisors. Widespread disturbances in 2011, a Moroccan element of the Arab Spring, protested against corruption and urged political reform. In response, Mohammed put into effect a program of reforms and introduced a new constitution. These reforms were passed by a public referendum on 1 July 2011. Mohammed has vast business holdings across several economic sectors in Morocco. His net worth has been estimated at between and over US$8.2 billion, and, according to the American business magaz ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mostapha Sahel
Mostapha Sahel (5 May 1946 in Ouled Frej, El Jadida – 7 October 2012 in Rabat) was the minister of the interior of Morocco. He holds a degree in public law. He used to be minister of fishing. His successor was Chakib Benmoussa. After leaving the government he held the position of advisor to King Mohamed VI until his death. Mostapha Sahel was also the CEO of the Tourism and Real estate firm SOMED. Biography In 1964 he obtained a literary Baccalauréat from the Lycée Mohammed V of Casablanca in 1964 and graduated in 1967 from the Mohammed V University in Rabat Rabat (, also , ; ar, الرِّبَاط, er-Ribât; ber, ⵕⵕⴱⴰⵟ, ṛṛbaṭ) is the capital city of Morocco and the country's seventh largest city with an urban population of approximately 580,000 (2014) and a metropolitan populati ... with a ''Licence'' degree. In 1969 he obtained a DES ''(Diplôme d'études supérieures)'' from France, a defunct French degree which was required for the ''Concours'' o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conglomerate (company)
A conglomerate () is a multi-industry company – i.e., a combination of multiple business entities operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries. Conglomerates are often large and multinational. United States The conglomerate fad of the 1960s During the 1960s, the United States was caught up in a "conglomerate fad" which turned out to be a form of speculative mania. Due to a combination of low interest rates and a repeating bear-bull market, conglomerates were able to buy smaller companies in leveraged buyouts (sometimes at temporarily deflated values). Famous examples from the 1960s include Ling-Temco-Vought,. ITT Corporation, Litton Industries, Textron, and Teledyne. The trick was to look for acquisition targets with solid earnings and much lower price–earnings ratios than the acquirer. The conglomerate would make a tender offer to the target's shareholders at a princely premium to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maserati
Maserati S.p.A. () is an Italian luxury vehicle manufacturer. Established on 1 December 1914, in Bologna, Italy, the company's headquarters are now in Modena, and its emblem is a trident. The company has been owned by Stellantis since 2021. Maserati was initially associated with Ferrari. In May 2014, due to ambitious plans and product launches, Maserati sold a record of over 3,000 cars in one month. This caused them to increase production of the Maserati Quattroporte, Quattroporte and Maserati Ghibli (M157), Ghibli models. In addition to the Ghibli and Quattroporte, Maserati offers the Maserati GranTurismo and the Maserati Levante (the first ever Maserati SUV). Maserati has placed a yearly production output cap at 75,000 vehicles globally. History The Maserati brothers The Maserati brothers, Alfieri Maserati, Alfieri (1887–1932), Bindo Maserati, Bindo (1883–1980), Carlo Maserati, Carlo (1881–1910), Ettore Maserati, Ettore (1894–1990), and Ernesto Maserati, Ernesto ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mining Companies Of Morocco
Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef, or placer deposit. The exploitation of these deposits for raw material is based on the economic viability of investing in the equipment, labor, and energy required to extract, refine and transport the materials found at the mine to manufacturers who can use the material. Ores recovered by mining include metals, coal, oil shale, gemstones, limestone, chalk, dimension stone, rock salt, potash, gravel, and clay. Mining is required to obtain most materials that cannot be grown through agricultural processes, or feasibly created artificially in a laboratory or factory. Mining in a wider sense includes extraction of any non-renewable resource such as petroleum, natural gas, or even water. Modern mining processes involve prospecting for ore bodies, analysis of the profit potential of a proposed mine, extraction of the desired materials, and f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Real Estate Companies Of Morocco
Real may refer to: Currencies * Brazilian real (R$) * Central American Republic real * Mexican real * Portuguese real * Spanish real * Spanish colonial real Music Albums * ''Real'' (L'Arc-en-Ciel album) (2000) * ''Real'' (Bright album) (2010) * ''Real'' (Belinda Carlisle album) (1993) * ''Real'' (Gorgon City EP) (2013) * ''Real'' (IU EP) (2010) * ''Real'' (Ivy Queen album) (2004) * ''Real'' (Mika Nakashima album) (2013) * ''Real'' (Ednita Nazario album) (2007) * ''Real'' (Jodie Resther album), a 2000 album by Jodie Resther * ''Real'' (Michael Sweet album) (1995) * ''Real'' (The Word Alive album) (2014) * ''Real'', a 2002 album by Israel Houghton recording as Israel & New Breed Songs * "Real" (Goo Goo Dolls song) (2008) * "Real" (Gorgon City song) (2013) * "Real" (Plumb song) (2004) * "Real" (Vivid song) (2012) * "Real" (James Wesley song) (2010) * "Real", a song by Kendrick Lamar from ''Good Kid, M.A.A.D City'' * "Real", a song by NF from ''Therapy Session'' * "Re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hospitality Companies Of Morocco
Hospitality is the relationship between a guest and a host, wherein the host receives the guest with some amount of goodwill, including the reception and entertainment of guests, visitors, or strangers. Louis, chevalier de Jaucourt describes hospitality in the as the virtue of a great soul that cares for the whole universe through the ties of humanity.Jaucourt, Louis, chevalier de"Hospitality" The Encyclopedia of Diderot & d'Alembert Collaborative Translation Project. Translated by Sophie Bourgault. Ann Arbor: Michigan Publishing, University of Michigan Library, 2013. Trans. of , vol. 8. Paris, 1765. Hospitality is also the way people treat others, that is, the service of welcoming and receiving guests for example in hotels. Hospitality plays a fundamental role to augment or decrease the volume of sales of an organization. Hospitality ethics is a discipline that studies this usage of hospitality. Etymology Derives from the Arab , meaning "host", "guest", or "stranger". ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Food And Drink Companies Of Morocco
Food is any substance consumed by an organism for nutritional support. Food is usually of plant, animal, or fungal origin, and contains essential nutrients, such as carbohydrates, fats, proteins, vitamins, or minerals. The substance is ingested by an organism and assimilated by the organism's cells to provide energy, maintain life, or stimulate growth. Different species of animals have different feeding behaviours that satisfy the needs of their unique metabolisms, often evolved to fill a specific ecological niche within specific geographical contexts. Omnivorous humans are highly adaptable and have adapted to obtain food in many different ecosystems. The majority of the food energy required is supplied by the industrial food industry, which produces food with intensive agriculture and distributes it through complex food processing and food distribution systems. This system of conventional agriculture relies heavily on fossil fuels, which means that the food and agricultural ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conglomerate Companies Of Morocco
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Conglomerate or conglomeration may refer to: * Conglomerate (company) * Conglomerate (geology) * Conglomerate (mathematics) In popular culture: * The Conglomerate (American group), a production crew and musical group founded by Busta Rhymes ** Conglomerate (record label), a hip hop label founded by Busta Rhymes * The Conglomerate (Australian group), a jazz quartet See also * Conglomerate Ridge, in the Ellsworth Mountains, Antarctica * ConGlomeration (convention) ConGlomeration was an annual multigenre convention held in or around Louisville, Kentucky between 2001 and 2019. ConGlomeration was an all-volunteer non-profit organization which, as part of its convention programming, conducted charitable activ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SONASID
Sonasid (french: société nationale de sidérurgie) is a steel manufacturing company jointly owned by ArcelorMittal and the SNI, the holding company of king Mohammed VI. Founded as a state-owned company, SONASID was privatised in 1997 when it was taken over by the king's holding ONA group. In 2006 ArcelorMittal increased their participation in the company. Sonasid operates factories in Nador and Jorf Lasfar. Key people *Said El Hadi, chairman of the board *Ismail Akalay, Chief Executive Officer *Houda Lazreq, Chief Purchasing Officer *Youssef Hbabi, Chief Financial Officer *Maha Hmeid, Chief Commercial & Marketing Officer *Khalid Naboub, Chief Operations Officer Source: Ownership *64.86% Nouvelles Sidérurgies Industrielles (50-50 joint venture between ArcelorMittal and SNI) *19.62% various, publicly traded *10.02% RCAR *3.52% CMR *0.82% Wafa Assurance Wafa Assurance is the insurance brand of the Moroccan bank Attijariwafa Bank. It is part of Mohammed VI's holding company S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
