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FINANCIAL NEWS
UAE’s Abraaj invests USD125m in Morocco’s Saham Finances
08 Mar 2012
(MENAFN) Abraaj Capital said that it has invested USD125 million in Saham Finances insurance company, reported The National.
The biggest private equity firm in the Middle East added that Sahm’s business spans over Morocco and Francophone West Africa.
It also said that since Morocco-based Saham is a leader in the insurance sector in Morocco and Francophone West Africa, Abraaj sees great growth opportunities for the African company.
It is worth noting that Saham Finances has majority stakes in 3 subsidiaries, including CNIA Saada, Colina and Isaaf, and offers a number of life and non-life insurance options.
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