As a Moroccan limited company working in the mining sector since 1930, Managem is a subsidiary of Al Mada - Positive Impact, a private equity pan-African investment fund. Al Mada is active in various sectors: Financial services, telecommunications, building materials, distribution, mines, energy, real estate and tourism.
Managem has been listed on the Casablanca Stock Exchange since 11 July 2000.

Managem is a Limited Company (SA) run by the CEO and the Board of Directors. Day-to-day management is by the Management Committee.


Board of Directors

The Managem Board of Directors consists of eight directors and is chaired by the CEO. Its role: to oversee the interests of the company, to define the strategic guidelines upstream and monitor their implementation.

Mr. Imad TOUMI : Chairman & Chief Executive Officer
Mr. Bassim JAÏ HOKIMI : Director
Ms Noufissa KESSAR : Director
Mr. Hassan OURIAGLI : Director
M. Frédéric TONA : Director
M. Samir IDRISSI OUDGHIRI : Director
ONHYM : Represented by Amina Benkhadra
SIGER :Represented by​​​​​​​ Karim khettouch​​​​​​​
Al Mada : Represented by Hassan Ouriagli

Specialised advisory committees

The Board of Directors calls on the support of specialised advisory committees. At its request, they carry out work to inform its decisions and shape the Group's strategy.

The Risks and Accounts Committee, The Appointments and Remuneration Committee, The Strategic Committee

Executive Committee


Chairman & Chief Executive Officer

Imad TOUMI is a graduate of the École Polytechnique (X 82), holds a PhD from Université Paris 6 and an MBA from the Hautes Études Commerciales school in Paris (MBA HEC 2000). He has more than 20 years’ experience in industrial project management, more specifically in the field of energy and mines, within major groups such as CEA (French renewable energies and atomic energy commission) and AREVA. He has more particularly occupied a number of posts, including that of Managing Director of AREVA South Africa and then AREVA Niger.


General Manager Base Metals Operations

Youssef EL HAJJAM is a graduate of Ecole Polytechnique and then Ecole des Mines in Paris. He joined Managem as a processing engineer at CTT. He then joined the Hydro-metallurgy and Engineering activities before taking charge of the SAMINE mining Division. In 2005, he was appointed Technical Director of mining operations and then Development Director and Managing Director of the Precious Metals branch.

In 2019, Youssef El Hajjam was appointed General Manager base metals operations.

Naoual ZINE

General Manager Reminex and Projects

Naoual ZINE is a graduate of the Mohammedia engineering college. She started at SMI and then joined the General Directorate of mining operations in Morocco. She then created the General Control Division before taking charge of the Strategy and Finance Divisions, with responsibility for overseeing and deploying the Group’s development strategy. In 2019, Naoual Zine was appointed General Manager Reminex and Projects.

Mohamed Amine AFSAHI

Executive Director Marketing & Commercial

Amine AFSAHI is a graduate of the École Spéciale des Travaux Publics in Paris and holds an MBA from the Ponts et Chaussées school. He started at Managem as head of methods and then of the water and environment sectors. After a period spent at Veolia Tétouan, he returned to the Group to head risk management and Corporate management control. He was in turn in charge of buying, logistics, support activities and then major reclamation projects.


Executive Director of Exploration

Lhou MAACHA has built on 29 years of experience in the field of exploration, project generation and development both in Morocco and elsewhere. He was in turn a mining geologist in several of the Group’s mines, then Director of Exploration and then General Manager of Exploration and Development within the Group. Academically, Mr. Maacha holds a PhD in Geophysics and Metallogeny and a State engineering diploma.

Zakaria Rbii

Executive Director of Human Resources, Communication and Sustainable Development

Zakaria Rbii joined Managem as head of the Human Resources, Communication and Sustainable Development Division in 2018, after spending 7 years at Centrale Danone. Zakaria Rbii is trained as an engineer and has held several Human Resources positions in various sectors, in particular fast-moving consumer goods and the Automotive sector. He has worked in several countries, such as Morocco, Algeria, Tunisia and China.


Executive Finance Director

Mouna Mahfoud is a graduate of the Mohammedia engineering school (EMI). She joined Managem as a process engineer in 1997. After being assigned to the hydro metallurgical units of the Guemassa site to contribute to the development of the production of cobalt cathodes, she takes on several responsibilities, notably that of the cobalt, copper and zinc oxide plants. With significant operational field experience, she reoriented herself towards management control, and in 2008, takes on a new role as Director in charge of operational management control attached to General Management. Her scope has grown over the years and by 2008, has included anagement control of all of the operational activities of Managem Group in Morocco and internationally.
In 2020 she was appointed EXECUTIVE Finance Director of MANAGEM.


Director of Buying, Procurement and Logistics

Omar NAIMI is a graduate of the Mohammedia engineering college. He began his career at the Bou-Azzer mine before an expatriate experience period at Semafo in Guinea. He has held several positions at Managem. He was in turn Director of workings at AGM, Director of TECHSUB, Director of international operations then Director of Buying, Procurement and Logistics.