With a net income which has increased by 26%, excluding exceptional items, SNI is proving the relevance of its strategic development into a long term and non-majority investment fund.

The SNI board which met on 28^th September 2015 under the chairmanship of Hassan Ouriagli, dealt with the statement of accounts as at 30^th June 2015: the net income of SNI has increased by 36.1% which can be explained by the increase in participation dividends and the decrease in financial expenses following the reduction of indebtedness. On the consolidated accounts, the group net income has decreased by 8.9% due mainly to the capital gains accounted for during the first half of 2014. Moreover, excluding exceptional items, particularly capital gains on sales, the group net profit by 24 Mdh or 1.5%. Thus, despite a difficult economic climate in many sectors, SNI led by Hassan Ouriagli is doing well, with its profits increasing and indebtedness reducing.

In addition, through the impetus of Mounir El Majidi, representative of the majority shareholder, the royal holding Siger, the decision was taken to modernise the governance of the group, in compliance with the international standards. In this order, the board chairman announced the implementation of 4 special committees: a Strategic Committee, an Appointment and Compensation Committee, an Audit Committee and a CSR and Sponsorship Committee.

On the CSR, Mr. Majidi decided to direct the group’s focus on the theme of “Entrepreneurship” and to hand over the implementation to the Injaz Al Maghrib Association, founded in 2007 by the group to promote the coming up of new generation of entrepreneurs. In this regard, it was decided that the group’s contribution to Injaz would increase from 19% to 50% and to make available to the association modern offices.