Moulay Hafid Elalamy has taken a significant step forward in solidifying his influence over Saham Bank. According to a regulatory filing released by the Moroccan Capital Market Authority on April 10, the prominent businessman acquired 2.46 million shares from Deveco Souss, representing 12 percent of the bank’s capital and voting rights. The transaction, valued at over 1.55 billion dirhams, was carried out with full approval from the relevant financial authorities.
This strategic move further cements Elalamy’s role at the core of Saham Bank’s evolving shareholder structure. The acquisition was executed in compliance with public offering regulations, underscoring the transparency and regulatory rigor surrounding the deal.
Just weeks after this major acquisition, Saham Bank moved to strengthen its position in Eqdom, a key player in Morocco’s consumer credit market. On July 7, the bank purchased just over 51,000 shares from Investima, increasing its stake in the company by 3.1 percent. The transaction, worth 51.1 million dirhams, raises Saham Bank’s total ownership in Eqdom to 57 percent—firmly securing its controlling interest.
These back-to-back acquisitions reflect a broader consolidation strategy, positioning Saham Bank and its key shareholder for increased influence in the financial services sector.
