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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] |
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] |
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] |
Casablanca
Casablanca, also known in Arabic as Dar al-Bayda ( ar, الدَّار الْبَيْضَاء, al-Dār al-Bayḍāʾ, ; ber, ⴹⴹⴰⵕⵍⴱⵉⴹⴰ, ḍḍaṛlbiḍa, : "White House") is the largest city in Morocco and the country's economic and business center. Located on the Atlantic Ocean, Atlantic coast of the Chaouia (Morocco), Chaouia plain in the central-western part of Morocco, the city has a population of about 3.71 million in the urban area, and over 4.27 million in the Greater Casablanca, making it the most populous city in the Maghreb region, and the List of largest cities in the Arab world, eighth-largest in the Arab world. Casablanca is Morocco's chief port, with the Port of Casablanca being one of the largest artificial ports in the world, and the second largest port in North Africa, after Tanger-Med ( east of Tangier). Casablanca also hosts the primary naval base for the Royal Moroccan Navy. Casablanca is considered a Global Financial Centre, ranking 54th g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Morocco
Morocco (),, ) officially the Kingdom of Morocco, is the westernmost country in the Maghreb region of North Africa. It overlooks the Mediterranean Sea to the north and the Atlantic Ocean to the west, and has land borders with Algeria to the east, and the disputed territory of Western Sahara to the south. Mauritania lies to the south of Western Sahara. Morocco also claims the Spanish exclaves of Ceuta, Melilla and Peñón de Vélez de la Gomera, and several small Spanish-controlled islands off its coast. It spans an area of or , with a population of roughly 37 million. Its official and predominant religion is Islam, and the official languages are Arabic and Berber; the Moroccan dialect of Arabic and French are also widely spoken. Moroccan identity and culture is a mix of Arab, Berber, and European cultures. Its capital is Rabat, while its largest city is Casablanca. In a region inhabited since the Paleolithic Era over 300,000 years ago, the first Moroccan s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ArcelorMittal
ArcelorMittal S.A. is a Luxembourgian multinational steel manufacturing corporation headquartered in Luxembourg City. It was formed in 2006 from the takeover and merger of Arcelor by Indian-owned Mittal Steel. ArcelorMittal is the second largest steel producer in the world, with an annual crude steel production of 88 million metric tonnes . It is ranked 197th in the 2022 Fortune Global 500 ranking of the world's largest corporations. It employs directly and indirectly 200,000 people and its market capital is $25 billion. The total value of company assets is estimated to be around $100 billion. Products and activities The company is involved in research and development, mining, and steel. ArcelorMittal in 2016 produced around 90 million tons of steel. As of May 2017, the company made 200 unique steel grades for automotive purposes, half of which were introduced since 2007. Among the steel varieties are Usibor 2000, which the company announced in June 2016 and released later th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ironworks
An ironworks or iron works is an industrial plant where iron is smelted and where heavy iron and steel products are made. The term is both singular and plural, i.e. the singular of ''ironworks'' is ''ironworks''. Ironworks succeeded bloomeries when blast furnaces replaced former methods. An integrated ironworks in the 19th century usually included one or more blast furnaces and a number of puddling furnaces or a foundry with or without other kinds of ironworks. After the invention of the Bessemer process, converters became widespread, and the appellation steelworks replaced ironworks. The processes carried at ironworks are usually described as ferrous metallurgy, but the term siderurgy is also occasionally used. This is derived from the Greek words ''sideros'' - iron and ''ergon'' or ''ergos'' - work. This is an unusual term in English, and it is best regarded as an anglicisation of a term used in French, Spanish, and other Romance languages. Historically, it is common ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Holding Company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies to form a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' also refers to the term as ''parent holding company.'' Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes to Lawsuit, litigation. In the United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ONA Group
The ONA Group (Omnium Nord-Africain, Arabic: مجموعة أونا) was established in 1934 and dissolved in 2010 and succeeded by Societe Nationale d'Investissement. ONA was an industrial, financial and services conglomerate, focused on positions of leadership and value creation in business activities contributing to the growth and sustainable development of Morocco, the Maghreb Region and the African Continent. ONA Group was structured around several activities: Mining, Agribusiness, Distribution, Financial Services, Telecommunication, Renewable Energies, and Growth Drivers, etc. The group and its successor promote various cultural programs, local and foreign arts and artists through a charitable foundatio"Fondation ONA" In March 2010, ONA announced its merger with Societe Nationale d'Investissement. As a result of the merger, the two companies have been delisted from the Casablanca stock market, and the ONA agri-business branches have been disposed of. This reorganisation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nador
Nador ( Riffian-Berber: ⵏⴰⴷⵓⵔ) is a coastal city and provincial capital in the northeastern Rif region of Morocco with a population of about 161,726 (2014 census). Nador city is separated from the Mediterranean Sea by a salt lagoon named ''Rbḥar Ameẓẓyan'' in Berber (''Mar Chica'' in Spanish) and is south of the Spanish city of Melilla. Nador was founded in the 19th century by local Berber tribes and was under Spanish occupation from 1912 until Morocco's independence in 1956. The Nador Province has over 600,000 inhabitants, predominantly of Rif- Berber ethnicity. Nador is considered the second largest city in the Oriental East after Wejda. Etymology The city name originated from the local Amazigh tribes of Has Nador, which was a small village near the Nador lagoon. Overview The economy of Nador and Nador province includes fishery, agriculture, some light and heavy industry. In the summer months of June to August thousands of people originating from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jorf Lasfar
Jorf Lasfar (Arabic for "Yellow Cliffs")McGuinness, Justin.Morocco, 4th ed. (2003). Footprint Travel Guides. p. 142. . Google Books. Retrieved on April 7, 2011. is a deepwater commercial port located on the Atlantic coast of Morocco. In terms of the volume of product processed, as of 2004, it was considered the second most important port in Morocco (just after Casablanca). It is home to a swiftly expanding industrial quarter, which includes both major artificial fertilizer and petrochemical factories. Its harbour is well equipped for the exportation of phosphate rock (transported from Gantour and Ouled Abdoun) and various chemicals such as pure sulphur, ammonia, and sulphuric acid. The city is home to the largest independent power station in the country—primarily funded by investments from the Swedish-Swiss company ABB Group and the American company CMS Energy—which was thought to be capable of creating a third of Morocco's total power output.Müller-Jentsch, Daniel. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Caisse De Dépôt Et De Gestion
The Caisse de dépot et de gestion (French for Deposit and Management Fund, shortened as CDG) is a state-owned financial institution which manages long-term savings in Morocco. Given its substantial assets it also acts as a large investor in the country, especially in the tourism sector. It possesses many subsidiaries operating in various sectors of the Economy. The CDG handles in particular the savings of the ''RCAR'' (''Régime Collectif d'Allocations de Retraite'') and the ''CNRA'' (Caisse Nationale de Retraites et d'Assurances) pension funds which groups the retirement contributions of the employees of state-owned companies and agencies. Between 2005 and 2008, CDG gained substantial funding when it acquired the management of the retirement savings of the Office Chérifien des Phosphates, OCP, the world's leading phosphate producer and exporter. CDG is modeled after the French fund Caisse des dépôts et consignations. History The fund was created in 1959 by Mamoun Tahiri, it h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wafa Assurance
Wafa Assurance is the insurance brand of the Moroccan bank Attijariwafa Bank. It is part of Mohammed VI's holding company SNI SNI may refer to: Science and technology * Substitution nucleophilic internal, a chemistry reaction mechanism * Swedish Standard Industrial Classification, a Swedish economic classification system * Server Name Indication, an extension to the .... Key people *Ali Harraj, Chairman of the Board and Chief Executive Officer, Member of the Executive Committee *Slimane Echchihab, Member of the Executive Committee, Co-Chief Executive Officer of Individuals and Professionals Sales *Jean-Charles Freimuller, Member of the Executive Committee, Co-Chief Executive Officer *Abdelmajid Tamim, Member of the Executive Committee, Co-Chief Executive Officer of Enterprise Insurance *Taoufik Benjelloun, Deputy Chief Executive Officer Finance and Member of the Executive Committee *Safaa El Gharbi, Member of the Executive Committee, Deputy Chief Executive Officer of Informa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
