SAHAM Finances is an insurance group with operations in 26 countries across North, West and East Africa as well as in the Middle East. It is one of the largest insurers in Africa, and the market leader in most of the countries in which it operates. The insurer writes mainly non-life business (exceeding 80% of its portfolio) through its 63 subsidiaries. It has a network of 700 branches with a staff complement of more than 3 000 people.

Mr Junior Ngulube, Chief Executive Officer of Sanlam Emerging Markets says the latest transaction confirms the Sanlam Group's commitment towards strengthening the strategic partnership further. 'Having identified strong synergies between the Sanlam and SAHAM Groups, we are committed to unlocking additional collaborations together through our collective skills and network capabilities across Africa. We believe this holds significant mutual benefits for the two groups and it will also benefit our stakeholders.'

Sanlam Ltd. published this content on 11 May 2017 and is solely responsible for the information contained herein.
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Original documenthttp://www.sanlam.co.za/mediacentre/media-category/media-releases/Sanlam and Santam to Increase Stake in Morocco

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