Sanlam $375 million acquisition of 30% stake in Saham

Overview:

• South African insurer Sanlam has acquired a 30% stake in Moroccan company Saham Finances from the IFC and Abraaj group for $375 million. 
• The South African company sought out the deal to offset poor results in its home jurisdiction and diversify revenue streams. 
• Saham Finances is active across 26 jurisdictions in Africa and the Middle East, offering life and non-life insurance products including health, life and business insurance coverage.

John Crabb - Journalist