Al Mada (holding)

Al Mada
IndustryConglomerate
Founded1966; 58 years ago (1966)
FounderMoroccan state and royal family
Headquarters
60, rue d'Alger
20000 Casablanca
,
Morocco
Key people
Hassan Bouhemou
Mounir Majidi (Director of SIGER)
Mohammed VI
RevenueIncrease US$ 3.7 billion (2017)
Increase US$ 508 million (2017)[1]Increase
Total assetsIncrease US$12.2 billion (2017) Increase [2]
Total equityIncreaseMAD 42.528 billion (2012)[2]
OwnerMohammed VI
Members of the Alaouite royal family
Websitealmada.ma

Al Mada, formerly the Société Nationale d'Investissement (SNI, lit.'National Company of Investment') is a large private Moroccan holding company mainly owned by the Moroccan royal family.[3] 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.[4]

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.).[3]

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).

  1. ^ "Attijariwafa bank" (PDF). Archived from the original (PDF) on 3 March 2016. Retrieved 1 July 2013.
  2. ^ a b "SNI_2012" (PDF). cdvm.gov.ma. Archived from the original (PDF) on 25 December 2013. Retrieved 24 December 2013.
  3. ^ a b "Morocco's new African ambition | Morocco: The new Morocco report | The Report Company". the-report.com. Retrieved 19 May 2017.
  4. ^ "Societe Nationale d'Investissement S.A.: Private Company Information – Bloomberg". bloomberg.com. Retrieved 19 May 2017.