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 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]
References
External links
Family and education
Immediate Extended Education
Entourage
Advisors and/or members of the royal cabinet Security officials Senior bureaucrats No official position[1] Senior media-bureaucrats
Business interests
Rule
Elections & referenda Patronage