Morocco’s Saham Assurances logs 6 percent rise in 2015

09 Mar 2016

(MENAFN) Saham Assurances registered a 5.9 percent increase in 2015 net profit to USD 34.7mn, as stated the Moroccan insurance firm.

Furthermore, revenue increased 2.5 percent to USD 0.38bn trailed by a 3.1 percent in non-life insurance to USD 0.34bn.

In addition, the life insurance income advanced 2.2 percent to USD 36.83mn, while the results fell of predict due to market conditions.

The firm is part of Group Saham, established by Moroccan tycoon and recent trade and industry minister.

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