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Saham

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  • Moroccan Banking Tycoon Opposes Saham Sale to South African Firm Over Sahara Dispute
    3 April 2019, by Amine

    The sale of Saham to South Africans is not politically correct, according to Othman Benjelloun. And this is not just a figure of speech. The latter has just expressed his outright disapproval of the sale of Saham to the South African group Sanlam. The reason is South Africa’s position on the Sahara issue.
    Speaking on behalf of Moroccans about this "affair" concluded by Moulay Hafid Alami (current Minister of Industry), the CEO of BMCE-Bank of Africa, Othman Benjelloun, stated: "Moroccans (…)

  • Moroccan Pharma Giant Saham Sold to SPE Capital and Proparco
    20 April 2020, by Ginette

    Saham Pharma, the antibiotic manufacturer and main supplier of hospitals in Morocco, has just been sold to the duo SPE Capital Partners (SPE Capital) and Proparco. For Nabil Triki, CEO of SPE Capital, "the pharmaceutical sector has solid fundamentals for growth and resilience".
    This acquisition "constitutes the fourth transaction carried out through SPE AIF I, a $200 million private equity fund focused on Africa, set up between SPE Capital Partners and Proparco." It is also Proparco’s (…)

  • Société Générale Sells Moroccan Units to Saham Group for €745 Million
    12 April 2024, by Said

    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.
    This divestment is part of the desire of Société Générale CEO Slawomir Krupa to rationalize the group’s activities and focus on the most value-generating segments. Indeed, the (…)

  • Moroccan Central Bank Approves Saham’s Acquisition of Société Générale Subsidiary
    23 November 2024, by Prince

    Bank Al-Maghrib has just granted the Saham group the last authorization required for the acquisition of Société Générale Maroc.
    "The last necessary authorization for Saham to finalize its acquisition of the Moroccan subsidiary of Société Générale has been obtained," reveals Médias24, specifying that "Saham has all the authorizations to finalize the acquisition of 57.67% of the capital of the Société Générale Marocaine de Banques (SGMB). The logical next step is the closing of the (…)