Home Business-Morocco The Moroccan businessman Mr.Moulay Hafid Elalamy sold his shares held directly in...

The Moroccan businessman Mr.Moulay Hafid Elalamy sold his shares held directly in Saham Assurance.

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The Moroccan businessman Mr.Moulay Hafid Elalamy sold his shares held directly in Saham Assurance. The transaction, carried out on Thursday 3rd of August, counting 210,501 shares at a unit price of 1,450 DH. It allows MHE to cross the threshold of 5% stake in the company’s capital. Following the transaction, the latter indirectly indirectly holds 2,407,740 Saham Insurance voting rights, ie 58.48% indirectly through Saham Finances (a company controlled by Saham S.A.).

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