Sanlam Emerging Markets has increased its stake in Sanlam Maroc to 88.63%, following the completion of a merger with Alliance Assurances Maroc. The transaction, which was approved by regulatory authorities, consolidates Sanlam's position in the Moroccan insurance market.
The merger, effective as of July 2026, combines the operations of Sanlam Maroc and Alliance Assurances Maroc, creating a larger entity with enhanced market share. Sanlam Emerging Markets, a subsidiary of the South African Sanlam Group, now holds a controlling interest in the merged company.
Financial details of the stake increase were not disclosed, but the move aligns with Sanlam's strategy to strengthen its presence in emerging markets, particularly in North Africa. The Moroccan insurance sector has seen consolidation in recent years, with major players seeking scale and efficiency.
The transaction is expected to be finalized by the end of the third quarter of 2026, subject to remaining regulatory approvals. Sanlam Maroc will continue to operate under its existing brand, with integration plans underway.
