Presentation of SOMED Holding

Presentation SOMED Holding

The Morocco United Arab Emirates Development Company (SOMED) is a private holding company with a capital of 1.6 billion dirhams, founded in 1982 in line with the shared ambition of Morocco and the United Arab Emirates to strengthen their economic cooperation.

SOMED promotes Emirati and international investment in Morocco by supporting high-impact and innovative projects in strategic sectors with strong potential for national development.

Historically active in the Tourism and Industrial sectors, SOMED has continued to develop and diversify its core business activities. Today, the group operates across key sectors such as Education, Real estate, Leisure, Industry, Trade and Automotive.

Firmly committed to a dynamic of continuous progress, SOMED seeks to play a leading role in the sectors invested, by strengthening the positioning and performance of its subsidiaries.

Currently, SOMED employs more than 2,500 people across multiple sites.

The shareholding structure of SOMED is composed of Moroccan institutional investors (41%), Al Mada (39%), and Emirati private funds (20%).

With a strong financial and industrial foundation, SOMED’s mission is driven by the following strategic ambitions:

  • Invest in innovative, high-growth sectors that generate value for both shareholders and the national economy.
  • Forge strategic partnerships with national and international private operators through joint investment projects across various sectors.
  • Further develop high-potential existing businesses and rebalance SOMED’s portfolio of business areas.
  • Ensure a leading position in each sector in which the group invests.

SOMED’s culture is based on the following four values:

  • Responsibility: Taking ownership of our decisions, actions and being accountable for our results.
  • Ambition: Empowering people to take on challenges and shape the company of tomorrow.
  • Rigour: Achieving with high intellectual and moral standards.
  • Commitment: Driving progress by working together.

SOMED’s governance and management are overseen by the following bodies:

1- Governance Committees (subcommittees of the Board of Directors)

  • Strategic Committee
  • Audit and Risk and Committee,
  • Nominations and Remuneration Committee,
  • CSR (Corporate Social Responsibility) Committee.

These governance committees are composed of SOMED Board members and operate within the powers and delegations granted by the Board of Directors, in accordance with the law governing joint-stock companies.

2- Management Committees

  • Executive Committee,
  • Project Steering Committees.