Attijariwafa bank has signed an agreement to become the majority shareholder in Société Générale Ghana. The Moroccan group is set to acquire 55.22% of the capital, along with the bank’s operations, customers and employees.
After several years of disposals and cost-cutting, Société Générale is reporting a record quarterly profit. Its withdrawal from retail banking in Morocco was part of this broad refocusing, now praised by investors.
Bank Al-Maghrib has just granted the Saham group the last authorization required for the acquisition of Société Générale Maroc.
During an informal exchange with students from ESSEC Paris on June 12, Moulay Hafid Elalamy discussed his professional and political career as well as the ongoing acquisition of Société Générale Maroc.
Société Générale announced on Friday, April 12 the sale of its Moroccan subsidiaries, Société Générale Marocaine de Banques (SGMB) and La Marocaine Vie, to the Saham group for a total amount of 745 million euros. This operation is part of a strategy to refocus the French group on its most profitable activities.
The Société Générale Maroc Group has just announced a contribution of 110 million dirhams to the Special Fund that will be dedicated to the management of the new coronavirus pandemic, launched by King Mohammed VI.
A fire broke out on Tuesday, December 10, in the early afternoon in the basement of the main headquarters of the Société Générale Marocaine des Banques on Boulevard Abdelmoumen in Casablanca.