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.
ICES recommends cod quota cut for 2018 Norway
The International Council for the Exploration of the Sea recommends a 20 per cent drop in next year’s cod quota in the Barents Sea, which should not exceed 712,000 tonnes
Chinese fishing firm fined for tuna fishing illegally New Zealand
Chinese authorities have deregistered and fined a Chinese commercial fishing company approximately USD 596,000 for misreporting bluefin tuna catches and fishing without a licence adjacent to the New Zealand Exclusive Economic Zone.
Chile to support Latin American countries to eradicate illegal fishing Chile
Representatives from Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Peru and the Dominican Republic are participating this week in the first international workshop to strengthen capacities and measures to prevent, discourage and eliminate IUU Fishing.
Copyright 1995 - 2017 Fish Info & Services Co.Ltd| All Rights Reserved. DISCLAIMER