This acquisition marks a significant move for Saham Finances, expanding its footprint in the Moroccan financial market. The deal includes multiple subsidiaries of Societe Generale Morocco, including entities in insurance, financing, leasing, asset management, and brokerage.
The acquisition is part of Societe Generale’s broader strategy to divest its African operations. In recent years, the French banking group has sold its subsidiaries in countries like the Republic of Congo and Chad.
This transaction underscores the growing importance of the Moroccan financial market and the strategic ambitions of Saham Finances.
SL/Sf/ac/fss/abj/APA