The Moroccan Capital Markets Authority has approved the prospectus for Sanlam Maroc’s capital increase as part of its merger with Allianz Maroc. The transaction provides for the issuance of 1,225,000 new Sanlam Maroc shares and values the operation at MAD 2,560,526,315. The approved terms set an exchange ratio of five Sanlam Maroc shares for two Allianz Maroc shares. The issue price is MAD 2,090.23 per share and the nominal value is MAD 100 per share. The merger-related capital increase remains subject to approval by the shareholder meetings of Sanlam Maroc and Allianz Maroc scheduled for July 2, 2026. The share exchange date is set for July 7, 2026.
Moroccan Capital Markets Authority2026-06-15
Moroccan Capital Markets Authority approves prospectus for Sanlam Maroc capital increase linked to Allianz Maroc merger worth MAD 2.56 billion
The Moroccan Capital Markets Authority has approved the prospectus for Sanlam Maroc’s capital increase tied to its merger with Allianz Maroc. The deal involves 1,225,000 new shares, an exchange ratio of five Sanlam Maroc shares for two Allianz Maroc shares and a total transaction value of MAD 2.56 billion. Shareholders of both companies are due to vote on July 2, 2026, with the exchange date set for July 7, 2026.