Share ownership
Since 1988, the main shareholder has been SMEG (Société Monégasque de l'Electricité et du Gaz), which holds 61,05% of the capital and is itself 64% owned by ENGIE Energie Services.
The Monegasque State holds 23,31% of the capital of the SMA and grants the concession for SMA’s activities and monitors their implementation through the Department of Urban Development.
The institutional shareholders include:
- SMEG (Société Monégasque de l'Electricité et du Gaz) 61,05%.
- The Monegasque State 23,31%
- Miscellaneous 15,64%