SOMED
SOMED is a conglomerate company based in Morocco. Its active in a range of sectors such as mining, construction material dealership, tourism, real estate development, food processing and Car dealership. Its capital is composed of Mohammed VI's holding company SNI, Emirati private funds and the Moroccan state.Ownership
In February 2008, the SNI entered in the capital of the company, buying an equivalent of 1.24 billion Dirhams of shares. The partition then became:
- 32.9% SNI
- 33.9% Private Emirati funds
- 33.25% Trésor Marocain
Former Morocco's Minister of the Interior, Mostapha Sahel was the CEO of the firm.Activities
The SOMED developed the Mazagan Beach Resort, Casino, Golf and Spa which it sold to the state-owned institution CDG in 2010 for an undisclosed amount.Subsidiaries
The companies official websites mentions the following subsidiaries:
- Hotels
- *Sheraton Casablanca
- *Hôtel Pullman Marrakech Resort and Spa
- *Atlas Almohades Casablanca
- *Atlas Almohades Agadir
- *Atlas Almohades Tanger
- *Hôtel Barcelo Fès
- *Hôtel Wahate Aguedal Marrakech
- *Hôtel Atlas Hospitality Morocco Rabat
- Real-estate
- *SOMED Développement
- Diversified
- *Zellidja ; subsidiaries:
- **Al Ain, Fénie Brossette, SFP Zellidja, Atlantis, Africa Palace Maroc, Rebab Company, Delma, Daewoo Rabat
- Food Processing and fishing
- *SOPROLIVES
- *UMEP
- *OLICO
- Construction, distribution and Industry
- *SFP Zellidja
- *Fénie Brossette
- *Société de Développement Automobile
- Education
- *Université Internationale de Casablanca
