SOMED (french: Société Maroco-Emiratie de Développement) is a
conglomerate
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
** ...
company based in Morocco. Its active in a range of sectors such as mining, construction material dealership,
tourism
Tourism is travel for pleasure or business; also the theory and practice of touring (disambiguation), touring, the business of attracting, accommodating, and entertaining tourists, and the business of operating tour (disambiguation), tours. Th ...
,
real estate development
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re- lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to other ...
,
food processing
Food processing is the transformation of agricultural products into food, or of one form of food into other forms. Food processing includes many forms of processing foods, from grinding grain to make raw flour to home cooking to complex in ...
and
Car dealership
A car dealership, or car dealer, is a business that sells new or used cars, at the retail level, based on a dealership contract with an automaker or its sales subsidiary. Car dealerships also often sell spare parts and automotive mainte ...
. Its capital is composed of
Mohammed VI Muhammad VI may refer to:
* Muhammad Imaaduddeen VI (1868–1932), sultan of the Maldives from 1893 to 1902
* Mehmed VI (1861–1926), sultan of Ottoman Empire, from 1918 to 1922
* Mohammed VI of Morocco (born 1963), King of Morocco since 19 ...
'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 ...
, Emirati private funds and the Moroccan state.
Ownership
In February 2008, the
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 ...
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 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 ...
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 Marrakech Resort and Spa
**Atlas Almohades Casablanca
**Atlas Almohades Agadir
**Atlas Almohades Tanger
**Hôtel Barcelo Fès
**Hôtel Wahate Aguedal Marrakech
**Hôtel
Atlas Hospitality Morocco Rabat
*Real-estate
**SOMED Développement
*Diversified
**
Zellidja (Rebab company); subsidiaries:
***Al Ain, Fénie Brossette, SFP Zellidja, Atlantis, Africa Palace Maroc, Rebab Company, Delma (owner of
Sheraton Casablanca),
Daewoo Rabat (owner of
Hilton Rabat)
[
*Food Processing and fishing
**SOPROLIVES
**UMEP
**OLICO
*Construction, distribution and Industry
** SFP Zellidja (Société des Fonderies de Plomb de Zellidja)
** Fénie Brossette (Fénie Brossette)
**Société de Développement Automobile (Exclusive distributor of ]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. ...
in Morocco)
*Education
**Université Internationale de Casablanca (Laureate SOMED Education Holding)
See also
* Les Domaines Agricoles
* Attijariwafa Bank
*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 ...
References
External links
SOMED.ma
{{Mohammed VI
Conglomerate companies of Morocco
Food and drink companies of Morocco
Hospitality companies of Morocco
Real estate companies of Morocco
Mining companies of Morocco
Education companies of Morocco
Société Nationale d'Investissement