Sonasid (french: société nationale de sidérurgie) is a

steel manufacturing Steelmaking is the process of producing steel from iron ore and carbon/or scrap. In steelmaking, impurities such as nitrogen, silicon, phosphorus, sulfur and excess carbon (the most important impurity) are removed from the sourced iron, and alloy ...

company jointly owned by

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 ...

and 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 ...

, the

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 ...

of king

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 ...

. Founded as a state-owned company, SONASID was privatised in 1997 when it was taken over by the king's holding

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 posit ...

. In 2006 ArcelorMittal increased their participation in the company. Sonasid operates factories in

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 nam ...

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 *0.67% MCMA *0.27% ATTIJARIWAFA BANK *0.23% MAMDA Source:

References

External links

company profile at Reuters
{{Mohammed VI Société Nationale d'Investissement Casablanca Stock Exchange ArcelorMittal Mining companies of Morocco Steel companies of Morocco