SOMED (french: Société Maroco-Emiratie de Développement) is a conglomerate 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, the business of attracting, accommodating, and entertaining tourists, and the business of operating tours. The World Tourism Organization defines tourism ...

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 others. R ...

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 industr ...

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 maint ...

. 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 Mohammed VI ( ar, محمد الساد� ...

's holding company SNI, Emirati private funds and the Moroccan state.

Ownership

In February 2008, the SNI 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 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 Atlas Hospitality is a private corporate group that owns and manages hotels in Morocco. Headquartered in Casablanca the company focuses on two main sectors leisure and tourism. History The company was founded in 1996 and supervised by Moh ...

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)

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

Ownership

Activities

Subsidiaries

See also

References

External links