Somalilandsun – The Abraaj Group, a leading investor operating in global growth markets, today announced that it has fully exited its shareholding in the leading African insurer, Saham Finances.
Abraaj sold a portion of its stake in Saham to Sanlam Group, a leading financial services group, and the remainder of its shareholding to the Saham Group, a diversified Moroccan-based conglomerate operating in the insurance, offshoring and real estate sectors in the Middle East and Africa, and the parent company of Saham Finances.
Founded in 2002, The Abraaj Group is a leading investor operating in the growth markets of Asia, Africa, Latin America, the Middle East and Turkey. Employing over 300 people including more than 170 investment and operating professionals, the Group has over 20 offices spread across five regional hubs in Dubai, Istanbul, Mexico City, Nairobi and Singapore. Local presence across these markets provides the Group with unmatched expertise, know-how, proprietary transactional access and the ability to grow partner businesses across borders.
Read the statement by Abraaj