Sonasid

Sonasid
Sonasid
	Sonasid logo
Type	Public
Traded as	MASI: SID
Industry	Steel manufacturing
Founded	1974
Headquarters	Casablanca, Morocco
Key people	Said El Hadi (chairman of the board); Ismail Akalay (CEO)
Products	Steel
Total assets	Market cap: MAD 3.66 billion (2013)
Owner	Al Mada; ArcelorMittal
Website	sonasid.ma

Sonasid (French: société nationale de sidérurgie) is a Moroccan steel manufacturing company headquartered in Casablanca. It specializes in the production of steel products primarily used in construction, including rebar and wire rod. Sonasid operates industrial plants in Nador and Jorf Lasfar.

History

Sonasid was established in 1974 as a state-owned enterprise. It was privatized in 1997 when it was acquired by the royal holding company ONA Group (now part of Al Mada). In 2006, ArcelorMittal increased its stake in the company through a 50-50 joint venture with SNI (now Al Mada), forming the entity Nouvelles Sidérurgies Industrielles (NSI), which now holds a controlling share in Sonasid.

Operations

The company runs two main production facilities:

A rolling mill and steel plant in Nador
A steelworks complex in Jorf Lasfar, near El Jadida

Sonasid’s product portfolio includes long steel products mainly serving the domestic construction industry.

Ownership

As of the latest available data, the company's ownership is distributed as follows:

64.86% – Nouvelles Sidérurgies Industrielles (joint venture of ArcelorMittal and Al Mada)
19.62% – Free float (publicly traded shares)
10.02% – Régime Collectif d’Allocation de Retraite (RCAR)
3.52% – Caisse Marocaine des Retraites (CMR)
0.82% – Wafa Assurance
0.67% – Mutuelle Centrale Marocaine d’Assurances (MCMA)
0.27% – Attijariwafa Bank
0.23% – Mutuelle Agricole Marocaine d’Assurances (MAMDA)

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

References

↑ "Sonasid (SOND.CS)". Reuters. Retrieved 4 February 2014.
↑ "Gouvernance". Sonasid. 31 December 2020. Retrieved 2022-03-31.
↑ "Bourse de Casablanca ::. Sociétés cotées > SOCIETE NATIONALE DE SIDERURGIE". Bourse de Casablanca. Retrieved 4 February 2014.
↑ "Gouvernance". Sonasid. 31 December 2020. Retrieved 2022-03-31.

External links

[reu-1] "Sonasid (SOND.CS)". Reuters. Retrieved 4 February 2014.

[2] "Gouvernance". Sonasid. 31 December 2020. Retrieved 2022-03-31.

[3] "Bourse de Casablanca ::. Sociétés cotées > SOCIETE NATIONALE DE SIDERURGIE". Bourse de Casablanca. Retrieved 4 February 2014.

[4] "Gouvernance". Sonasid. 31 December 2020. Retrieved 2022-03-31.