ONA Group
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The ONA Group (Omnium Nord-Africain, Arabic: مجموعة أونا), established in 1919 during Morocco's status as a French protectorate and was initially composed of the Moroccan assets of the French Bank Paribas. ONA Group is a large industrial and financial conglomerate, or holding company. The company is active in the sectors of banking, insurance, fishing industry, food industry, retailing, tourism, information technology and mining. The Moroccan royal family holds stock in this conglomerate through its holdings in Siger. In 2007, the Group reported a revenue of 32.935 billion MAD (4.5 billion US$) and a net income of 1.285 billion MAD ($176 million)Official company results year 2006-2007. In 2007 the company had more than 25000 employees.
The company is controlled by the Moroccan royal family, and it enjoys preferential treatment, privileges and sometimes even state-protected monopoly in many vital economic sectors of the Moroccan kingdom.
[edit] See also
- Wana (Telecommunications) the third main telecommunication company in Morocco, a subisidary of ONA.
[edit] References
[edit] External links
- ONA Group - French language
- Mining subsidiary Web site
- Sugar subsidiary Web site
- List of ONA Subsidiaries
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