Sonasid () 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
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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
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