Who owns Societe des Tabacs Algero-Emiratie (STAEM)

Societe des Tabacs Algero-Emiratie (STAEM) - Profile

STAEM is an Algerian cigarette manufacturer and distributor, formed in 2002 as a joint venture between Arab Investors-TA (AITA), a United Arab Emirates investment company that holds the majority of the capital and brought the foreign capital and international brand relationships, and Societe Nationale des Tabacs et Allumettes, the Algerian state tobacco and matches monopoly that contributed the domestic production and distribution base. It runs a cigarette factory at Kolea, west of Algiers, and since 2005 it has manufactured and distributed Philip Morris International's Marlboro and L&M brands in Algeria under licence. Those brands make PMI's portfolio one of the larger international ranges sold in a market of roughly 30 billion cigarettes a year.

The disclosed stakes

One row per position. Where a holder reports the same company in two share classes, both rows are shown rather than summed, because the class is part of a position's identity.

Where each figure comes from

A private stake has no ownership form behind it, so the source is always the holder's own filing or disclosure. Anything modelled says so, with the arithmetic.

• Philip Morris International Inc., as of 30 Jun 2026. PMI's Q2 2026 10-Q states the book value of PMI's investment in STAEM was $0.7 billion at June 30, 2026, including $0.3 billion of cumulative foreign currency translation losses in accumulated other comprehensive loss. PMI's FY2025 10-K states PMI holds a 49% equity interest in Emirati Investors-TA (FZC) ("EITA"), which itself owns 51% of STAEM; PMI's approximately 25% indirect economic interest in STAEM (an Algerian joint venture, the balance owned by state enterprise MADAR Holding) runs through EITA. No separate holding is recorded for EITA to avoid double counting the same economic interest. sourcesource 2