Sanlam Maroc（SAH）株式概要サンラム・マロクはモロッコの個人および法人顧客に保険サービスを提供している。 詳細SAH ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長1/6過去の実績5/6財務の健全性4/6配当金5/6報酬株価収益率（ 17.1 x） MA市場（ 19.7 x）を下回っています。収益は年間13.43%増加すると予測されています 過去1年間で収益は33.3%増加しました 3.33%の安定した配当金を支払う リスク分析過去1年間で株主の希薄化が進んだ MA市場と比較した過去 3 か月間の株価の変動すべてのリスクチェックを見るSAH Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW484,421 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA484,421 investors already sharing narrativesYour Fair Valueد.مCurrent Priceد.م2.95k38.1% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-70m13b2016201920222025202620282031Revenue د.م13.4bEarnings د.م1.7bAdvancedSet Fair ValueView all narrativesSanlam Maroc 競合他社Wafa AssuranceSymbol: CBSE:WAAMarket cap: د.م19.6bAtlantaSanad Société AnonymeSymbol: CBSE:ATLMarket cap: د.م7.8bNÜRNBERGER Beteiligungs-AGSymbol: XTRA:NBG6Market cap: €1.4bCroatia osiguranje d.dSymbol: ZGSE:CROSMarket cap: €1.4b価格と性能株価の高値、安値、推移の概要Sanlam Maroc過去の株価現在の株価د.م2,940.0052週高値د.م3,170.0052週安値د.م1,787.00ベータ-0.0261ヶ月の変化-4.85%3ヶ月変化-5.62%1年変化42.58%3年間の変化139.02%5年間の変化140.00%IPOからの変化111.82%最新ニュースNew Risk • Jul 10New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 30% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.7% average weekly change). Minor Risk Shareholders have been diluted in the past year (30% increase in shares outstanding).Declared Dividend • Jun 22Dividend increased to د.م98.00Dividend of د.م98.00 is 21% higher than last year. Ex-date: 18th August 2026 Payment date: 3rd September 2026 Dividend yield will be 3.2%, which is lower than the industry average of 3.5%. Sustainability & Growth Dividend is well covered by both earnings (44% earnings payout ratio) and cash flows (3% cash payout ratio). The dividend has increased by an average of 9.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 5.0% over the next 2 years, which should provide support to the dividend and adequate earnings cover.New Risk • Apr 20New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Moroccan stocks, typically moving 8.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to د.م3,140, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Insurance industry in Africa. Total returns to shareholders of 289% over the past three years.Reported Earnings • Mar 30Full year 2025 earnings released: EPS: د.م224 (vs د.م168 in FY 2024)Full year 2025 results: EPS: د.م224 (up from د.م168 in FY 2024). Revenue: د.م7.14b (up 7.2% from FY 2024). Net income: د.م921.0m (up 33% from FY 2024). Profit margin: 13% (up from 10% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 32% decline forecast for the Insurance industry in Africa. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Mar 25Investor sentiment improves as stock rises 18%After last week's 18% share price gain to د.م2,500, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Insurance industry in Africa. Total returns to shareholders of 178% over the past three years.最新情報をもっと見るRecent updatesNew Risk • Jul 10New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 30% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.7% average weekly change). Minor Risk Shareholders have been diluted in the past year (30% increase in shares outstanding).Declared Dividend • Jun 22Dividend increased to د.م98.00Dividend of د.م98.00 is 21% higher than last year. Ex-date: 18th August 2026 Payment date: 3rd September 2026 Dividend yield will be 3.2%, which is lower than the industry average of 3.5%. Sustainability & Growth Dividend is well covered by both earnings (44% earnings payout ratio) and cash flows (3% cash payout ratio). The dividend has increased by an average of 9.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 5.0% over the next 2 years, which should provide support to the dividend and adequate earnings cover.New Risk • Apr 20New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Moroccan stocks, typically moving 8.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to د.م3,140, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Insurance industry in Africa. Total returns to shareholders of 289% over the past three years.Reported Earnings • Mar 30Full year 2025 earnings released: EPS: د.م224 (vs د.م168 in FY 2024)Full year 2025 results: EPS: د.م224 (up from د.م168 in FY 2024). Revenue: د.م7.14b (up 7.2% from FY 2024). Net income: د.م921.0m (up 33% from FY 2024). Profit margin: 13% (up from 10% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 32% decline forecast for the Insurance industry in Africa. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Mar 25Investor sentiment improves as stock rises 18%After last week's 18% share price gain to د.م2,500, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Insurance industry in Africa. Total returns to shareholders of 178% over the past three years.お知らせ • Mar 25Sanlam Maroc, Annual General Meeting, Apr 24, 2026Sanlam Maroc, Annual General Meeting, Apr 24, 2026. Location: casablanca MoroccoNew Risk • Mar 21New major risk - Financial data availabilityThe company's latest financial reports are more than a year old. Last reported fiscal period ended December 2024. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2024 fiscal period end). Earnings are forecast to decline by an average of 4.9% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change).Price Target Changed • Feb 16Price target increased by 31% to د.م2,666Up from د.م2,031, the current price target is provided by 1 analyst. New target price is 21% above last closing price of د.م2,200. Stock is up 10.0% over the past year. The company is forecast to post earnings per share of د.م347 for next year compared to د.م165 last year.Board Change • Feb 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 1 independent director (7 non-independent directors). Representative Director Robert Dommisse was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Price Target Changed • Dec 25Price target decreased by 7.0% to د.م2,031Down from د.م2,185, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of د.م2,075. Stock is up 11% over the past year. The company is forecast to post earnings per share of د.م347 for next year compared to د.م165 last year.Major Estimate Revision • Oct 16Consensus revenue estimates increase by 21%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from د.م7.16b to د.م8.66b. EPS estimate increased from د.م173 to د.م347 per share. Net income forecast to grow 110% next year vs 13% growth forecast for Insurance industry in Morocco. Consensus price target down from د.م2,185 to د.م2,031. Share price rose 2.3% to د.م1,910 over the past week.Price Target Changed • Oct 15Price target decreased by 7.0% to د.م2,031Down from د.م2,185, the current price target is provided by 1 analyst. New target price is 6.9% above last closing price of د.م1,900. Stock is up 2.6% over the past year. The company is forecast to post earnings per share of د.م347 for next year compared to د.م165 last year.New Risk • Oct 06New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company.Upcoming Dividend • Aug 18Upcoming dividend of د.م81.00 per shareEligible shareholders must have bought the stock before 25 August 2025. Payment date: 03 September 2025. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Moroccan dividend payers (4.0%). Higher than average of industry peers (3.2%).Declared Dividend • Jul 13Dividend increased to د.م81.00Dividend of د.م81.00 is 5.2% higher than last year. Ex-date: 25th August 2025 Payment date: 3rd September 2025 Dividend yield will be 4.2%, which is higher than the industry average of 3.5%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (4% cash payout ratio). The dividend has increased by an average of 8.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Valuation Update With 7 Day Price Move • Apr 11Investor sentiment improves as stock rises 21%After last week's 21% share price gain to د.م2,142, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Insurance industry in Africa. Total returns to shareholders of 74% over the past three years.お知らせ • Mar 24Sanlam Maroc, Annual General Meeting, May 28, 2025Sanlam Maroc, Annual General Meeting, May 28, 2025.Reported Earnings • Mar 21Full year 2024 earnings releasedFull year 2024 results: Revenue: د.م7.46b (up 7.0% from FY 2023). Net income: د.م680.5m (up 22% from FY 2023). Profit margin: 9.1% (up from 8.0% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 34% decline forecast for the Insurance industry in Africa.Price Target Changed • Feb 24Price target increased by 28% to د.م2,147Up from د.م1,671, the current price target is provided by 1 analyst. New target price is 17% above last closing price of د.م1,840. Stock is up 33% over the past year. The company is forecast to post earnings per share of د.م178 for next year compared to د.م136 last year.Board Change • Feb 24Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. 1 independent director (4 non-independent directors). Representative Director Robert Dommisse was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Major Estimate Revision • Oct 20Consensus EPS estimates increase by 20%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from د.م7.09b to د.م6.96b. EPS estimate rose from د.م148 to د.م178. Net income forecast to grow 31% next year vs 8.8% growth forecast for Insurance industry in Morocco. Consensus price target up from د.م1,671 to د.م2,147. Share price was steady at د.م1,919 over the past week.New Risk • Oct 18New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.9% average weekly change). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end).Upcoming Dividend • Aug 15Upcoming dividend of د.م77.00 per shareEligible shareholders must have bought the stock before 22 August 2024. Payment date: 30 August 2024. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Moroccan dividend payers (4.3%). In line with average of industry peers (3.8%).Price Target Changed • Apr 13Price target increased by 35% to د.م1,671Up from د.م1,237, the current price target is provided by 1 analyst. New target price is 7.8% above last closing price of د.م1,550. Stock is up 72% over the past year. The company is forecast to post earnings per share of د.م148 for next year compared to د.م136 last year.Major Estimate Revision • Apr 13Consensus EPS estimates increase by 25%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from د.م7.22b to د.م7.09b. EPS estimate rose from د.م118 to د.م148. Net income forecast to grow 9.2% next year vs 13% growth forecast for Insurance industry in Morocco. Consensus price target up from د.م1,237 to د.م1,671. Share price rose 3.2% to د.م1,550 over the past week.お知らせ • Apr 11Sanlam Maroc, Annual General Meeting, Jun 06, 2024Sanlam Maroc, Annual General Meeting, Jun 06, 2024.Reported Earnings • Apr 01Full year 2023 earnings releasedFull year 2023 results: Revenue: د.م6.97b (up 28% from FY 2022). Net income: د.م559.4m (up د.م629.6m from FY 2022). Profit margin: 8.0% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 27% decline forecast for the Insurance industry in Africa.New Risk • Mar 31New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Moroccan stocks, typically moving 6.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (6.4% average weekly change). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end).New Risk • Feb 16New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.0% average weekly change). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end).Board Change • Nov 28Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 2 independent directors (6 non-independent directors). Representative Director Robert Dommisse was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Upcoming Dividend • Aug 15Upcoming dividend of د.م36.00 per share at 3.0% yieldEligible shareholders must have bought the stock before 22 August 2023. Payment date: 31 August 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Moroccan dividend payers (4.4%). Lower than average of industry peers (3.6%).Price Target Changed • Jul 10Price target decreased by 13% to د.م1,212Down from د.م1,394, the current price target is an average from 2 analysts. New target price is 19% above last closing price of د.م1,021. Stock is down 22% over the past year. The company is forecast to post earnings per share of د.م141 next year compared to a net loss per share of د.م17.05 last year.Board Change • Mar 31Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 2 independent directors (6 non-independent directors). Representative Director Robert Dommisse was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Valuation Update With 7 Day Price Move • Jan 06Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to د.م841, the stock trades at a trailing P/E ratio of 34.6x. Average trailing P/E is 20x in the Insurance industry in Morocco. Total loss to shareholders of 34% over the past three years.Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. 2 independent directors (6 non-independent directors). Representative Director Robert Dommisse was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Aug 05Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. 2 independent directors (6 non-independent directors). Representative Director Robert Dommisse was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Upcoming Dividend • Jun 27Upcoming dividend of د.م35.00 per shareEligible shareholders must have bought the stock before 04 July 2022. Payment date: 15 July 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Moroccan dividend payers (4.4%). Lower than average of industry peers (3.3%).Board Change • Apr 29Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). Representative Director Robert Dommisse was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Apr 03Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). Representative Director Robert Dommisse was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Jan 05San Jv (Rf) (Pty) Ltd. cancelled the acquisition of 22.8% stake in SAHAM Assurance S.A. (CBSE:SAH) from Said Alj, Sanam Holdings S.A. and First Commercial Estate Company S.A.R.L.San Jv (Rf) (Pty) Ltd. agreed to acquire 22.8% stake in SAHAM Assurance S.A. (CBSE:SAH) from Said Alj, Sanam Holdings S.A. and First Commercial Estate Company S.A.R.L. for MAD 1.2 billion on May 3, 2021. As part of the Transaction, the Sellers have irrevocably undertaken to reinvest fifty percent of the consideration to acquire shares in Sanlam on the open market at the prevailing share price. Said Alj will continue to provide the Sanlam Group with strategic. The transaction will be funded by Sanlam using debt facilities. The Transaction is subject to certain conditions including (but not limited to) approvals from the relevant regulatory authorities to the extent required both in South Africa and Morocco. It is expected to close by the end of the third quarter. N M Rothschild & Sons Limited and Emerge Invest acted as financial advisor to Sanlam Limited, parent of San Jv (Rf) (Pty) Ltd. Allen & Overy LLP and Webber Wentzel acted as legal advisor to Sanlam Limited (JSE : SLM), parent of San Jv (Rf) (Pty) Ltd. San Jv (Rf) (Pty) Ltd. cancelled the acquisition of 22.8% stake in SAHAM Assurance S.A. (CBSE:SAH) from Said Alj, Sanam Holdings S.A. and First Commercial Estate Company S.A.R.L. on January 3, 2022. The conditions precedent to the transaction were not fulfilled and the transaction has, accordingly, lapsed. SAN JV’s shareholding in SAHAM Assurance Maroc remains at 61.7%.Reported Earnings • Oct 09First half 2021 earnings releasedThe company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: د.م3.54b (up 50% from 1H 2020). Net income: د.م384.1m (up د.م488.0m from 1H 2020). Profit margin: 11% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue.株主還元SAHMA InsuranceMA 市場7D1.4%4.5%6.7%1Y42.6%9.6%-0.9%株主還元を見る業界別リターン: SAH過去 1 年間で9.6 % の収益を上げたMA Insurance業界を上回りました。リターン対市場: SAH過去 1 年間で-0.9 % の収益を上げたMA市場を上回りました。価格変動Is SAH's price volatile compared to industry and market?SAH volatilitySAH Average Weekly Movement5.8%Insurance Industry Average Movement5.5%Market Average Movement4.1%10% most volatile stocks in MA Market6.8%10% least volatile stocks in MA Market2.8%安定した株価: SAHの株価は、 MA市場と比較して過去 3 か月間で変動しています。時間の経過による変動: SAHの weekly volatility ( 6% ) は過去 1 年間安定していますが、依然としてMAの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1949n/aYahia Chraibiwww.sanlam.maサンラム・マロクはモロッコで個人および法人顧客に保険サービスを提供している。自動車／オートバイ保険、個人傷害保険、住宅保険、退職保険、狩猟保険、旅行保険、プレジャーボート保険、健康保険、死亡保険、借入保険、学校継続保険などを提供している。また、船隊、貨物輸送、遺体、漁船などの損害保険も提供している。さらに、交通事故、健康災害、家屋の損害に対する保険金も提供している。旧社名はSAHAM Assurance S.A.で、2022年6月にSanlam Marocに社名変更した。年に設立され、モロッコのカサブランカに本社を置いている。サンラム・マロックはサンラム・パンアフリカの子会社である。もっと見るSanlam Maroc 基礎のまとめSanlam Maroc の収益と売上を時価総額と比較するとどうか。SAH 基礎統計学時価総額د.م15.71b収益（TTM）د.م921.04m売上高(TTM)د.م7.14b17.1xPER（株価収益率2.2xP/SレシオSAH は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計SAH 損益計算書（TTM）収益د.م7.14b売上原価د.م5.61b売上総利益د.م1.53bその他の費用د.م609.11m収益د.م921.04m直近の収益報告Dec 31, 2025次回決算日該当なし一株当たり利益（EPS）172.42グロス・マージン21.44%純利益率12.91%有利子負債／自己資本比率14.8%SAH の長期的なパフォーマンスは？過去の実績と比較を見る配当金3.3%現在の配当利回り44%配当性向SAH 配当は確実ですか？SAH 配当履歴とベンチマークを見るSAH 、いつまでに購入すれば配当金を受け取れますか？Sanlam Maroc 配当日配当落ち日Aug 19 2026配当支払日Sep 03 2026配当落ちまでの日数7 days配当支払日までの日数22 daysSAH 配当は確実ですか？SAH 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/08/11 20:41終値2026/08/11 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社のGitHubページでご覧いただけます。また、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Sanlam Maroc 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Kais KriaaAlphaMenaRanya GnabaAlphaMenaDounia FilaliBmce Capital Bourse
New Risk • Jul 10New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 30% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.7% average weekly change). Minor Risk Shareholders have been diluted in the past year (30% increase in shares outstanding).
Declared Dividend • Jun 22Dividend increased to د.م98.00Dividend of د.م98.00 is 21% higher than last year. Ex-date: 18th August 2026 Payment date: 3rd September 2026 Dividend yield will be 3.2%, which is lower than the industry average of 3.5%. Sustainability & Growth Dividend is well covered by both earnings (44% earnings payout ratio) and cash flows (3% cash payout ratio). The dividend has increased by an average of 9.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 5.0% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
New Risk • Apr 20New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Moroccan stocks, typically moving 8.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to د.م3,140, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Insurance industry in Africa. Total returns to shareholders of 289% over the past three years.
Reported Earnings • Mar 30Full year 2025 earnings released: EPS: د.م224 (vs د.م168 in FY 2024)Full year 2025 results: EPS: د.م224 (up from د.م168 in FY 2024). Revenue: د.م7.14b (up 7.2% from FY 2024). Net income: د.م921.0m (up 33% from FY 2024). Profit margin: 13% (up from 10% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 32% decline forecast for the Insurance industry in Africa. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Mar 25Investor sentiment improves as stock rises 18%After last week's 18% share price gain to د.م2,500, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Insurance industry in Africa. Total returns to shareholders of 178% over the past three years.
New Risk • Jul 10New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 30% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.7% average weekly change). Minor Risk Shareholders have been diluted in the past year (30% increase in shares outstanding).
Declared Dividend • Jun 22Dividend increased to د.م98.00Dividend of د.م98.00 is 21% higher than last year. Ex-date: 18th August 2026 Payment date: 3rd September 2026 Dividend yield will be 3.2%, which is lower than the industry average of 3.5%. Sustainability & Growth Dividend is well covered by both earnings (44% earnings payout ratio) and cash flows (3% cash payout ratio). The dividend has increased by an average of 9.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 5.0% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
New Risk • Apr 20New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Moroccan stocks, typically moving 8.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Apr 14Investor sentiment improves as stock rises 16%After last week's 16% share price gain to د.م3,140, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Insurance industry in Africa. Total returns to shareholders of 289% over the past three years.
Reported Earnings • Mar 30Full year 2025 earnings released: EPS: د.م224 (vs د.م168 in FY 2024)Full year 2025 results: EPS: د.م224 (up from د.م168 in FY 2024). Revenue: د.م7.14b (up 7.2% from FY 2024). Net income: د.م921.0m (up 33% from FY 2024). Profit margin: 13% (up from 10% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 32% decline forecast for the Insurance industry in Africa. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Mar 25Investor sentiment improves as stock rises 18%After last week's 18% share price gain to د.م2,500, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Insurance industry in Africa. Total returns to shareholders of 178% over the past three years.
お知らせ • Mar 25Sanlam Maroc, Annual General Meeting, Apr 24, 2026Sanlam Maroc, Annual General Meeting, Apr 24, 2026. Location: casablanca Morocco
New Risk • Mar 21New major risk - Financial data availabilityThe company's latest financial reports are more than a year old. Last reported fiscal period ended December 2024. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2024 fiscal period end). Earnings are forecast to decline by an average of 4.9% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (8.6% average weekly change).
Price Target Changed • Feb 16Price target increased by 31% to د.م2,666Up from د.م2,031, the current price target is provided by 1 analyst. New target price is 21% above last closing price of د.م2,200. Stock is up 10.0% over the past year. The company is forecast to post earnings per share of د.م347 for next year compared to د.م165 last year.
Board Change • Feb 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 1 independent director (7 non-independent directors). Representative Director Robert Dommisse was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Price Target Changed • Dec 25Price target decreased by 7.0% to د.م2,031Down from د.م2,185, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of د.م2,075. Stock is up 11% over the past year. The company is forecast to post earnings per share of د.م347 for next year compared to د.م165 last year.
Major Estimate Revision • Oct 16Consensus revenue estimates increase by 21%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from د.م7.16b to د.م8.66b. EPS estimate increased from د.م173 to د.م347 per share. Net income forecast to grow 110% next year vs 13% growth forecast for Insurance industry in Morocco. Consensus price target down from د.م2,185 to د.م2,031. Share price rose 2.3% to د.م1,910 over the past week.
Price Target Changed • Oct 15Price target decreased by 7.0% to د.م2,031Down from د.م2,185, the current price target is provided by 1 analyst. New target price is 6.9% above last closing price of د.م1,900. Stock is up 2.6% over the past year. The company is forecast to post earnings per share of د.م347 for next year compared to د.م165 last year.
New Risk • Oct 06New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. This is currently the only risk that has been identified for the company.
Upcoming Dividend • Aug 18Upcoming dividend of د.م81.00 per shareEligible shareholders must have bought the stock before 25 August 2025. Payment date: 03 September 2025. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Moroccan dividend payers (4.0%). Higher than average of industry peers (3.2%).
Declared Dividend • Jul 13Dividend increased to د.م81.00Dividend of د.م81.00 is 5.2% higher than last year. Ex-date: 25th August 2025 Payment date: 3rd September 2025 Dividend yield will be 4.2%, which is higher than the industry average of 3.5%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (4% cash payout ratio). The dividend has increased by an average of 8.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Valuation Update With 7 Day Price Move • Apr 11Investor sentiment improves as stock rises 21%After last week's 21% share price gain to د.م2,142, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Insurance industry in Africa. Total returns to shareholders of 74% over the past three years.
お知らせ • Mar 24Sanlam Maroc, Annual General Meeting, May 28, 2025Sanlam Maroc, Annual General Meeting, May 28, 2025.
Reported Earnings • Mar 21Full year 2024 earnings releasedFull year 2024 results: Revenue: د.م7.46b (up 7.0% from FY 2023). Net income: د.م680.5m (up 22% from FY 2023). Profit margin: 9.1% (up from 8.0% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 34% decline forecast for the Insurance industry in Africa.
Price Target Changed • Feb 24Price target increased by 28% to د.م2,147Up from د.م1,671, the current price target is provided by 1 analyst. New target price is 17% above last closing price of د.م1,840. Stock is up 33% over the past year. The company is forecast to post earnings per share of د.م178 for next year compared to د.م136 last year.
Board Change • Feb 24Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. 1 independent director (4 non-independent directors). Representative Director Robert Dommisse was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Major Estimate Revision • Oct 20Consensus EPS estimates increase by 20%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from د.م7.09b to د.م6.96b. EPS estimate rose from د.م148 to د.م178. Net income forecast to grow 31% next year vs 8.8% growth forecast for Insurance industry in Morocco. Consensus price target up from د.م1,671 to د.م2,147. Share price was steady at د.م1,919 over the past week.
New Risk • Oct 18New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.9% average weekly change). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end).
Upcoming Dividend • Aug 15Upcoming dividend of د.م77.00 per shareEligible shareholders must have bought the stock before 22 August 2024. Payment date: 30 August 2024. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 4.0%. Lower than top quartile of Moroccan dividend payers (4.3%). In line with average of industry peers (3.8%).
Price Target Changed • Apr 13Price target increased by 35% to د.م1,671Up from د.م1,237, the current price target is provided by 1 analyst. New target price is 7.8% above last closing price of د.م1,550. Stock is up 72% over the past year. The company is forecast to post earnings per share of د.م148 for next year compared to د.م136 last year.
Major Estimate Revision • Apr 13Consensus EPS estimates increase by 25%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from د.م7.22b to د.م7.09b. EPS estimate rose from د.م118 to د.م148. Net income forecast to grow 9.2% next year vs 13% growth forecast for Insurance industry in Morocco. Consensus price target up from د.م1,237 to د.م1,671. Share price rose 3.2% to د.م1,550 over the past week.
お知らせ • Apr 11Sanlam Maroc, Annual General Meeting, Jun 06, 2024Sanlam Maroc, Annual General Meeting, Jun 06, 2024.
Reported Earnings • Apr 01Full year 2023 earnings releasedFull year 2023 results: Revenue: د.م6.97b (up 28% from FY 2022). Net income: د.م559.4m (up د.م629.6m from FY 2022). Profit margin: 8.0% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 27% decline forecast for the Insurance industry in Africa.
New Risk • Mar 31New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Moroccan stocks, typically moving 6.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (6.4% average weekly change). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end).
New Risk • Feb 16New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.0% average weekly change). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end).
Board Change • Nov 28Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 2 independent directors (6 non-independent directors). Representative Director Robert Dommisse was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Upcoming Dividend • Aug 15Upcoming dividend of د.م36.00 per share at 3.0% yieldEligible shareholders must have bought the stock before 22 August 2023. Payment date: 31 August 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Moroccan dividend payers (4.4%). Lower than average of industry peers (3.6%).
Price Target Changed • Jul 10Price target decreased by 13% to د.م1,212Down from د.م1,394, the current price target is an average from 2 analysts. New target price is 19% above last closing price of د.م1,021. Stock is down 22% over the past year. The company is forecast to post earnings per share of د.م141 next year compared to a net loss per share of د.م17.05 last year.
Board Change • Mar 31Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 2 independent directors (6 non-independent directors). Representative Director Robert Dommisse was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Valuation Update With 7 Day Price Move • Jan 06Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to د.م841, the stock trades at a trailing P/E ratio of 34.6x. Average trailing P/E is 20x in the Insurance industry in Morocco. Total loss to shareholders of 34% over the past three years.
Board Change • Nov 16Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. 2 independent directors (6 non-independent directors). Representative Director Robert Dommisse was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Aug 05Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. 2 independent directors (6 non-independent directors). Representative Director Robert Dommisse was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Upcoming Dividend • Jun 27Upcoming dividend of د.م35.00 per shareEligible shareholders must have bought the stock before 04 July 2022. Payment date: 15 July 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Moroccan dividend payers (4.4%). Lower than average of industry peers (3.3%).
Board Change • Apr 29Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). Representative Director Robert Dommisse was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Apr 03Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). Representative Director Robert Dommisse was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Jan 05San Jv (Rf) (Pty) Ltd. cancelled the acquisition of 22.8% stake in SAHAM Assurance S.A. (CBSE:SAH) from Said Alj, Sanam Holdings S.A. and First Commercial Estate Company S.A.R.L.San Jv (Rf) (Pty) Ltd. agreed to acquire 22.8% stake in SAHAM Assurance S.A. (CBSE:SAH) from Said Alj, Sanam Holdings S.A. and First Commercial Estate Company S.A.R.L. for MAD 1.2 billion on May 3, 2021. As part of the Transaction, the Sellers have irrevocably undertaken to reinvest fifty percent of the consideration to acquire shares in Sanlam on the open market at the prevailing share price. Said Alj will continue to provide the Sanlam Group with strategic. The transaction will be funded by Sanlam using debt facilities. The Transaction is subject to certain conditions including (but not limited to) approvals from the relevant regulatory authorities to the extent required both in South Africa and Morocco. It is expected to close by the end of the third quarter. N M Rothschild & Sons Limited and Emerge Invest acted as financial advisor to Sanlam Limited, parent of San Jv (Rf) (Pty) Ltd. Allen & Overy LLP and Webber Wentzel acted as legal advisor to Sanlam Limited (JSE : SLM), parent of San Jv (Rf) (Pty) Ltd. San Jv (Rf) (Pty) Ltd. cancelled the acquisition of 22.8% stake in SAHAM Assurance S.A. (CBSE:SAH) from Said Alj, Sanam Holdings S.A. and First Commercial Estate Company S.A.R.L. on January 3, 2022. The conditions precedent to the transaction were not fulfilled and the transaction has, accordingly, lapsed. SAN JV’s shareholding in SAHAM Assurance Maroc remains at 61.7%.
Reported Earnings • Oct 09First half 2021 earnings releasedThe company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: د.م3.54b (up 50% from 1H 2020). Net income: د.م384.1m (up د.م488.0m from 1H 2020). Profit margin: 11% (up from net loss in 1H 2020). The move to profitability was driven by higher revenue.
