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AMMC Approves Sanlam Morocco Capital Raise Ahead of Merger with Allianz Morocco
The Moroccan Capital Market Authority (AMMC) has officially cleared the prospectus for Sanlam Morocco’s planned capital increase, a key step for its upcoming absorption merger with Allianz Morocco. The deal will see 1,225,000 new shares issued for a total of 2.56 billion MAD, with a share‑exchange ratio of 5 Sanlam shares for every 2 Allianz shares, pending shareholder approval in early July.
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AMMC clears prospectus for Sanlam Morocco’s capital increase tied to Allianz merger
The Moroccan Capital Market Authority (AMMC) officially endorsed the prospectus on 15 June 2026 concerning Sanlam Morocco’s planned capital increase, a prerequisite for the absorption merger with Allianz Morocco.
The deal involves issuing 1,225,000 new Sanlam Morocco shares amounting to a total of 2.56 billion Moroccan dirhams. The subscription price is fixed at 2,090.23 MAD per share, while the nominal value remains 100 MAD.
The agreed exchange ratio stands at 5 Sanlam shares for every 2 Allianz shares, with the share swap scheduled for 7 July 2026.
- The transaction still requires approval from the shareholders’ meetings of both Sanlam Morocco and Allianz Morocco, slated for 2 July 2026.
- The approved prospectus will be made available to the public at the headquarters of both companies, as well as on the official websites of Sanlam Morocco, the Casablanca Stock Exchange, and the AMMC.