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Al Mada (holding)
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 l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conglomerate (company)
A conglomerate () is a multi-industry company – i.e., a combination of multiple List of legal entity types by country, business entities operating in entirely different industries under one corporate group, usually involving a Holding company, parent company and many Subsidiary, subsidiaries. Conglomerates are often large and Multinational corporation, 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 Economic bubble, 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 acqu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nareva
Nareva is an energy company in Morocco wholly owned by the SNI, the holding company of king Mohammed VI. Activities Renewables The company has multiple wind farm projects. The units in Akhenfir, Haouma and Foum El Oued, with a capacity of 100 MW; 50 MW and 50 MW respectively, sell electricity directly to industrial clients, whereas the one in Tarfaya (300 MW) sells its production to the ONEE, under a 20-years contract and through a structure called TAREC (Tarfaya Energy Company), a 50–50 venture with GDF Suez. Coal energy Nareva is in the process of constructing a coal-powered electricity generation unit in Safi. The facility is under construction and is set to open in 2017. Its biggest client is set to be the country biggest industrial operator, the OCP, the phosphate mining company. Nareva, through its subsidiary ''Safi Energy Company'', would sell electricity to the state-owned ONEE (''Office National de l'Electricité et de l'Eau'') under a 30-year contract. See ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agma Lahlou-Tazi
AGMA is a Moroccan insurance company specialising in life insurance and asset management. History and profile Agma Lahlou-Tazi was established in January 1964. It is part of Mohammed VI's holding company SNI. The company was listed on Casablanca Stock Exchange in November 1998 and is based in Casablanca. Key people Key people of the company are as follows: *Mohamed Lahlou, Chairman of the Board and Managing Director *Hassan Benchekroun, Finance Director *Mohamed Doubiany, Director of Accountancy *A. Gabli, Director of Information Solutions (Systems) *A. Nougaoui, Director of Development, Organization and Communication *Abdelhay El Ouarzazi, Director of Human Resources, Foreign Claims *T. Awad, Director of Transport and Health Insurance *Nadia Bakkali, Assistant of Chairman of the Board and Managing Director *A. Benkiran, Director of Property Damage Insurance *N. Chekri, Director of Casualty Claims Insurance *Abdelaziz Cherrad, Director of Premiums Collection *Mostafa Hannaoui, Di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mondelēz International
Mondelez International, Inc. ( ), often styled Mondelēz, is an American multinational confectionery, food, holding and beverage and snack food company based in Chicago. Mondelez has an annual revenue of about $26 billion and operates in approximately 160 countries. It ranked No. 108 in the 2021 Fortune 500 list of the largest United States corporations by total revenue. The company has its origins as Kraft Foods Inc., which was founded in Chicago in 1923. The present enterprise was established in 2012 when Kraft Foods was renamed Mondelez and retained its snack food business, while its grocery business was spun off to a new company called Kraft Foods Group. The name is derived from the Latin word ("world") and ''delez'', a fanciful modification of the word "delicious." The Mondelez International company manufactures chocolate, cookies, biscuits, gum, confectionery, and powdered beverages. Mondelez International's portfolio includes several billion-dollar c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wilmar International
Wilmar International Limited (); is a Singaporean food processing and investment holding company with more than 300 subsidiary companies. Founded in 1991, it is one of Asia's leading agribusiness groups alongside the COFCO Group. It ranks amongst the largest listed companies by market capitalisation on the Singapore Exchange (SGX), being the second largest as of September 2010. It was ranked 211th in the Fortune Global 500 list in 2020. It was ranked 3rd in the World's Most Admired Company (Food Production) by ''Fortune'' in 2019. Wilmar International business activities include oil palm cultivation, edible oils refining, oilseeds crushing, consumer pack edible oils processing and merchandising, specialty fats, oleochemicals, and biodiesel manufacturing, grains processing and merchandising, and sugar milling and refining. In 2021, Wilmar placed 2nd on FoodTalks' Global Top 30 Specialty Oil Companies list. It has over 500 manufacturing plants and an extensive distribution network ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arcelor Mittal
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] |
Inwi
Inwi ( ar, إنوي) (formerly known as Wana) is a telecommunication company in Morocco. one of the three major telecom company in the country, It is a subsidiary of the group SNI and the Kuwaiti group Zain. With more than 50 000 branches, Inwi is the third telecommunication company in Morocco, after Maroc Telecom and Orange. Inwi's network covers more than 92% of the country's territory. History Based in Casablanca, Wanadoo Maroc was created in 1999, by Karim Zaz. In 2004 and following the withdrawal of France Telecom, Wanadoo Morocco sold its subsidiary Maroc Connect to local investors: Attijariwafa bank and Caisse de dépôt nationale via its subsidiary, Fipar holding. In 2005, ONA became the reference shareholder of Maroc Connect. In 2006, Maroc Connect won the third 3G license in Morocco. In 2007, Maroc Connect became Wana, the third operator for home telephones and 3G internet. In 2009, Wana wins the third GSM license in Morocco under its Inwi brand. In February, t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
COVID-19 Pandemic In Morocco
The COVID-19 pandemic in Morocco is part of the worldwide pandemic of coronavirus disease 2019 () caused by severe acute respiratory syndrome coronavirus 2 (). The virus was confirmed to have spread to Morocco on 2 March 2020, when the first case COVID-19 case was confirmed in Casablanca. It involved a Moroccan expatriate residing in Bergamo, Italy, who arrived from Italy on 27 February. A second case was confirmed later that same day involving an 89-year-old woman Moroccan residing in Italy who had returned to Morocco on 25 February from Bologna, Italy. As the outbreak widened in Morocco, in mid-March the Government closed schools and suspended international passenger flights. , there have been 676,683 confirmed cases, of which 598,958 have recovered and 10,163 have died. The government officially counts that 14,981,732 citizens have received the first vaccine injection, of whom 10,870,130 have also received the second injection. Background On 12 January 2020, the W ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Danone
Danone S.A. () is a French multinational food-products corporation based in Paris. It was founded in Barcelona, Spain. It is listed on Euronext Paris where it is a component of the CAC 40 stock market index. Some of the company's products are branded Dannon in the United States. As of 2018, Danone sold products in 120 markets, and had sales in 2018 of €24.65 billion. In the first half of 2018, 29% of sales came from specialized nutritional preparations, 19% came from branded bottled water, and 52% came from dairy and plant-based products (including yogurt). History Name Danone was founded by Isaac Carasso (born İzak Karasu), a Salonica-born Sephardic Jewish physician from the Ottoman Empire, who began producing yogurt in Barcelona, Spain in 1919. The brand was named Danone, which translates to "little Daniel", after his son Daniel Carasso. In 1929, Isaac Carasso moved the company from Spain to France, opening a plant in Paris. In 1942, Daniel Carasso moved the comp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ownership Of Société Nationale D'Investissement
Ownership is the state or fact of legal possession and control over property, which may be any asset, tangible or intangible. Ownership can involve multiple rights, collectively referred to as title, which may be separated and held by different parties. The process and mechanics of ownership are fairly complex: one can gain, transfer, and lose ownership of property in a number of ways. To acquire property one can purchase it with money, trade it for other property, win it in a bet, receive it as a gift, inherit it, find it, receive it as damages, earn it by doing work or performing services, make it, or homestead it. One can transfer or lose ownership of property by selling it for money, exchanging it for other property, giving it as a gift, misplacing it, or having it stripped from one's ownership through legal means such as eviction, foreclosure, seizure, or taking. Ownership is self-propagating in that the owner of any property will also own the economic benefits of that ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banco Santander
Banco Santander, S.A., doing business as Santander Group (, , Spanish: ), is a Spanish multinational financial services company based in Madrid and Santander in Spain. Additionally, Santander maintains a presence in all global financial centres as the 16th-largest banking institution in the world. Although known for its European banking operations, it has extended operations across North and South America, and more recently in continental Asia. It is considered a systemically important bank by Financial Stability Board. Many subsidiaries, such as Abbey National, have been rebranded under the Santander name. The company is a component of the Euro Stoxx 50 stock market index. In May 2016, Santander was ranked as 37th in the Forbes Global 2000 list of the world's biggest public companies. Santander is Spain's largest bank. Banco Santander is chaired by Ana Patricia Botín-Sanz de Sautuola O'Shea, daughter and granddaughter of former chairmen Emilio Botin-Sanz de Sautuola ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
