Radio Méditerrannée Internationale
When created, the radio had an ownership division of 51% - 49% between Moroccan - French capital owners. On the french side, it was mainly represented by the SOFIRAD, a company charged with overseeing the role/capital ownership of the French state in radios and TVs in France and abroad. However, as of 2013, the SOFIRAD has become a minority shareholder, with only five shares to its name. It stands against three giant shareholders: C.I.R.T. (with 269490 shares; Societe Financiere de Gestion et de Placement, with 140250 shares, a company that is owned at 99.8% by royal holding group SNI (2013 data); and FinanceCom, with 140250 shares as well, a company owned at 90% by finance magnate Othmane Benjelloun and three of his family members (2011 data).
Business Form
Private
Legal Form
Limited Company
Compagnie internationale de radio et télévision [CIRT]
CIRT is a sub-company of the French company: Société Financiere de Radiodiffusion [SOFIRAD], a Limited Company, whose majority of board members (8) are appointed by the government while the remaining 2 members are to be representatives of press owners. The company was charged with representing French interests and investments in the radio/TV world abroad.
FinanceCom
FinanceCom belongs to finance and banking magnate Othmane Benjelloun, who is the majority shareholder and sits on the board alongside other members of the Benjelloun family.
Société Financière de Gestion et de Placement
This company is fully owned by the royal holding group Société Nationale d’Investissments [SNI], a mastodonte of the Moroccan Economy. It has a capital averaging $US 7 Million, however no revenue is reported.
Other TV Outlets
Medi 1 TV
Other Radio Outlets
Radio Mediterranee Internationale
Other Online Outlets
https://www.medi1.com/
General Information
Founding Year
1980
Founder
Pierre Casalta
Affiliated Interests Founder
Founder but also CEO of the Radio Medi1 for almost thirty years, Pierre Casalta, a French national had his entries in the inner circles of power in both France and Morocco. He started out at Radio Monte-Carlo before launching the Medi1 venture following directives from former Moroccan King Hassan II and French President Valerie Giscard d’Estaing. A fervent defender of the Moroccan monarchy and a trusted media owner, Casalta launched the sister TV to his radio channel: Media 1 TV (known as Medi1 Sat at the time of its launch). His aim was to build a TV targeting the Maghreb.
Employees
MD
Contact
3, bd Msallah
90000 Tanger, Morocco
Tax/ ID Number
3587
Financial Information
Revenue (Financial Data/ Optional)
7.29
Operating Profit (in Mill. $)
-2.35
Advertising (in % of total funding)
MD
Further Information
Meta Data
| https://www.infogreffe.fr/entreprise-societe/542094354-financiere-de-radiodiffusion-sofirad-750154B094350000.html |The data regarding ownership dates back to 2008. The company SOFIRAD was shut down in August 2017. No updates were accessible. # |
