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 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[]

• Andre Bock, chairman of the board
• Abdelilah Fadili, finance director
• Jacques Riondet, technical director
• Said Elhajjouji, information system director
• Jalil Ajdour, sales and marketing director
• Ayoub Azami, managing director
• Chakib Benazzouz, Director of Human Resources
• S. Berrada, head of security
• Karim Elouardirhi, purchase and logistics director
• Said Jemjam, internal audit
• Mohamed Moukassi, metal scrap director
• P. Turpel, industrial director
• Laila Bouchourl, investor relations director

Source:^[1]

Ownership[]

• 64.86% Nouvelles Sidérurgies Industrielles (50-50 joint venture between ArcelorMittall 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:^[2]

References[]

External links[]

• company profile at Reuters