Highlights

Ceremony of giving a check relating to the transfer of the total capital for the society salt of Mohammedia (SSM). : 13/07/2011

Ceremony of giving a check relating to the transfer of the total capital for the society salt of Mohammedia (SSM).

Mr. Khalid Safir, Secretary General of the Ministry of Economy and Finance, presides on the 13th July 2011 at the headquarters of the Ministry with the presence of the representatives of the directory in public enterprises and privatization, for Delta Holding Society, the ceremony of giving a check for the transfer of the total capital to the Salt of Mohammedia Company (SSM).

The representative of Delta Holding Society gives to the Secretary General a check with the amount of 655 000 000 Dirhams, which corresponds to the amount of the transaction, against the files of transfer expected to give on the agreement of the cession.

This amount will be deposit simultaneously and equally between, Fund Hassan II for Economic-Social development and the National Fund for supporting Investments created by the Finance Law N° 43-10 of the year 2011, in order to enhance and improve Investments in sectors such as developments.

In 2010, the SSM company sold 540 000 tons of salt to make a profit attaining 115 million Dirhams, against 76.4 million Dirhams on 2009, this change happen because of the increase in the level of exportation and a huge demand of the salt we use to remove the snow .

At the end of the business proposition done on March 2011. Delta Holding Company was declared by the consultative commission the only private company who possess 100% of all the SSM`stocks.