Said Alj to step down from the presidency of Saham Assurance Maroc after selling his shares to Sanlam
By cashing in €116 million from the South African financial group, the Moroccan tycoon has access to the means to develop and strengthen his hold on agribusiness, consumer credit and heavy machinery companies.
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▪ Said Alj to step down from the presidency of Saham Assurance Maroc after selling his shares to Sanlam
▪ By cashing in €116 million from the South African financial group, the Moroccan tycoon has access to the means to develop and strengthen his hold on agribusiness, consumer credit and heavy machinery companies.
▪ https://www.africabusinessplus.com/en/807804/said-alj-steps-down-from-the-presidency-of-saham-assurance-maroc-after-selling-his-shares-to-sanlam/
Sanlam Limited acquired a majority stake in March 2018, in the third-largest insurer in the Moroccan Kingdom for $1.1 billion, and appointed Christophe Buso as CEO. Earlier this week, the South African insurer said that it had agreed to pay 1.24 billion dirhams (€116 million) to take over the 22.8% held by Sanam Holding and its subsidiary, First Commercial Estate Company.
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