Sonasid Explained
| Sonasid |
| Industry: | Steel |
| Location City: | Casablanca |
| Location Country: | Morocco |
| Traded As: | SOND.CS |
| Key People: | Said El Hadi (chairman of the board)
Ismail Akalay (CEO) |
| Assets: | Market Cap: MAD3,662.10 million (2013)[1] |
| Owner: | SNI
ArcelorMittal |
| Homepage: | sonasid.ma |
Sonasid (fr|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:[2]
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
- 0.67% MCMA
- 0.27% ATTIJARIWAFA BANK
- 0.23% MAMDA
Source:[3]
External links
Notes and References
- Web site: Sonasid (SOND.CS). Reuters. 4 February 2014.
- Web site: 31 December 2020 . Gouvernance . 2022-03-31 . Sonasid.
- Web site: Bourse de Casablanca ::. Sociétés cotées > SOCIETE NATIONALE DE SIDERURGIE. Bourse de Casablanca. 4 February 2014.
