Sonasid
Sonasid 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. In 2006, ArcelorMittal increased its stake in the company through a 50-50 joint venture with SNI, forming the entity Nouvelles Sidérurgies Industrielles, 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
Ownership
As of the latest available data, the company's ownership is distributed as follows:- 64.86% – Nouvelles Sidérurgies Industrielles
- 19.62% – Free float
- 10.02% – Régime Collectif d’Allocation de Retraite
- 3.52% – Caisse Marocaine des Retraites
- 0.82% – Wafa Assurance
- 0.67% – Mutuelle Centrale Marocaine d’Assurances
- 0.27% – Attijariwafa Bank
- 0.23% – Mutuelle Agricole Marocaine d’Assurances
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