On February 11, Sanlam Maroc sold 90,500 shares of Salafin on the central market at a unit price of 552.50 dirhams. This transaction marks a key moment, as the insurer’s stake in the financial company has now dropped below the 10% threshold.
Following this sale, Sanlam Maroc now holds 9.62% of Salafin’s capital, equivalent to 300,685 shares. However, this partial withdrawal does not appear to be an isolated move. The company has already signaled its intention to continue selling its Salafin shares over the next six months.
A strategic shift?
This decision raises questions about Sanlam Maroc’s long-term strategy. The gradual reduction of its stake could be part of a broader asset reallocation or a realignment of its investment portfolio within the Moroccan market.
The key question now is how this move will impact Salafin’s stock price in the coming weeks. Will new institutional investors step in to acquire the shares Sanlam Maroc is offloading?
A development worth watching closely.
