The ONA Group (Omnium Nord-Africain, Arabic: مجموعة أونا) was established in 1934. ONA is an industrial, financial and services group, strongly focused on positions of leadership and value creation in business activities contributing to the growth and sustainable development of Morocco, the Maghreb Region and the African Continent. ONA Group is structured around Strategic Domains of Activities: Mining, Agribusiness, Distribution, Financial Services, Telecommunication, Renewable Energies, and Growth Drivers, etc. The group promotes various cultural programs, local and foreign arts and artists.
On March 2010, ONA announced its merger with Societe Nationale d'Investissement (SNI). As a result of the merger between SNI and ONA, the two companies, along with their subsidiaries, have been delisted from the Casablanca stock market, pending the formation of a new investment holding company. This reorganisation will transform the conglomerate into an investment company that gives larger autonomy to its subsidiaries in the management of their affairs, except for some large–scale projects.
Famous quotes containing the word group:
“We begin with friendships, and all our youth is a reconnoitering and recruiting of the holy fraternity they shall combine for the salvation of men. But so the remoter stars seem a nebula of united light, yet there is no group which a telescope will not resolve; and the dearest friends are separated by impassable gulfs.”
—Ralph Waldo Emerson (1803–1882)