Sanlam Morocco gathered its shareholders for its Annual General Meeting, highlighting the approval of the 2023 financial results and the endorsement of comprehensive financial reports.
Financial performance and reports endorsed
In a significant move, shareholders at the General Assembly endorsed the Board of Directors’ management report and the auditors’ financial reports. The directors were discharged from their responsibilities for the 2023 fiscal year. Both individual and consolidated financial statements, finalized on December 31, 2023, received unanimous approval, reflecting the company’s robust financial health and commitment to transparency. These documents were made available to the public via the “Médias24” platform on March 29, 2024, and on the company’s official website.
New appointments to the board of directors
To align with legal requirements specified in articles 105-1 and subsequent articles of law 17-95, as amended by law 19-20 on July 14, 2021, related to the composition of the Board of Directors or Supervisory Board of publicly traded companies, effective January 1, 2024, the General Assembly made the following appointments:
– Fadoua MOUTAOUAKIL was appointed as a Director, replacing Kofi BUCKNOR.
– Delphine TRAORE was appointed as a Director, replacing Margaret DAWES.
– Yahia CHRAIBI was appointed as a Director, replacing Emmanuel BRULE.
Following these appointments, the current composition of Sanlam Morocco’s Board of Directors is as follows:
– Said ALJ, Chairman of the Board
– Delphine TRAORE
– John MELVILLE
– Yahia CHRAIBI
– Mohamed BERRADA
– Fadoua MOUTAOUAKIL
– Sanlam Pan Africa Morocco, represented by Delphine TRAORE
– Sanlam Pan Africa Holdings Morocco, represented by William Robertson DOMMISSE
– Sanlam Holding, represented by Ismail FARIH
All other resolutions included in the notice of meeting dated March 29, 2024, were also approved. The General Assembly declared a dividend distribution of 77 dirhams per share, with the payment date set for July 2024.
