Tag: Moulay Hafid Alamy
Business Emerging Markets Europe Headlines International Morocco

French Société Générale confirms sale of its Morocco bank to Saham for €747 million

North Africa PostComments Off on French Société Générale confirms sale of its Morocco bank to Saham for €747 million

French Société General plans to sell its majority stake in its Moroccan branches to Saham group for 745 million euros, as it continues its divestment from the African continent. The transaction which includes Société Générale Marocaine de Banques and La Marocaine Vie is expected to be completed by end of 2024. The French group owns […]
Business Emerging Markets Europe Finance Headlines International Morocco

France’s Société Generale to sell its business in Morocco – media reports

North Africa PostComments Off on France’s Société Generale to sell its business in Morocco – media reports

France’s Société General plans to sell majority stakes in its Morocco banking activity to Saham, Moroccan media reported. Saham, owned by former industry minister Moulay Hafid Alamy, had reached a deal to buy 57% stake in the French subsidiary bank, Le360 said in an exclusive. The transaction to buy the fourth largest universal bank in […]