Société Nationale d'Investissement (SNI) or National Investment Company, is a large private Moroccan holding company controlled by the Moroccan royal family. 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 53 billion MAD and its net income was 5 billion MAD
In March 2010, the boards of the two companies announced the reorganisation of their activities, as the group moved away from a conglomerate structure controlling the activities of its subsidiaries to an investment fund company incubating, developing and disposing of companies and projects present in the Moroccan economy. This reorganisation has transformed the conglomerate into an investment company that gives larger autonomy to its subsidiaries in the management of their affairs, once these companies have reached a large size. As a result of this merger, the two companies have been delisted from the Casablanca stock market, pending the enlargement of the free float of its subsidiaries on the stock exchange.
The group has a large footprint on the Moroccan economy, estimated to be worth 3% of GDP, with investments in companies holding #1 positions in banking and mass retail.
Hotel group Iberostar obtains MSC’s chain of custody Spain
Iberostar Group presented on Friday its new sustainable fisheries initiative together with the Marine Stewardship Council, becoming the first hotel chain in southern Europe to have the chain of custody of MSC.
Fresh cod exports grow but frozen cod sales fall Norway
A total of 5,700 tonnes of fresh cod, including fillets, were exported with a total value of USD 25.2 million in May, representing a 4 per cent growth in volume and a 12 per cent increase in value, according to the Norwegian Seafood Council.