Al Mada (holding)
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. 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.
| Industry | Conglomerate |
|---|---|
| Founded | 1966 |
| Founder | Moroccan state and royal family |
| Headquarters | 60, rue d'Alger , 20000 Casablanca Morocco |
Key people | Hassan Bouhemou Mounir Majidi (Director of SIGER) Mohammed VI |
| Revenue | US$ 3.7 billion (2017) |
Net income | US$ 508 million (2017) |
| Total assets | US$12.2 billion (2017) |
| Total equity | MAD 42.528 billion (2012) |
| Owner | Mohammed VI Members of the Alaouite royal family |
| Website | almada |
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.).
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).