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A dynamic, bold, and agile entrepreneurial spirit ensuring adaptability to change, quick decision-making, and excellence in execution.
An internationally focused investment company, dedicated to value generation and specializing in business creation, turnaround, and brand repositioning.
Committed to our businesses to foster growth and create value by supporting long-term management and leveraging our network of partners.

A responsible investor in constant motion

Founded in 1995 by Moulay Hafid Elalamy, Saham is a private investment company with a presence in Casablanca, Dubai, and Luxembourg owned by the Elalamy family. Marked by a strong entrepreneurial spirit, Saham initially developed in the insurance sector to become a leader on the African continent. After divesting the Insurance division in 2018, Saham evolved into an international player with multi-sector expertise, capitalizing on targeted strategic partnerships.

Today, Saham owns a portfolio of five companies. Saham has embraced a strong and visionary entrepreneurial approach, enabling diversification into high-potential sectors such as financial services, customer experience, real estate, education, agriculture, pharmaceuticals, healthcare, and media.

  • 2010
    IPO of CNIA SAADA for approximately 400 million euros
  • 2018
    Sale of Saham Finances to Sanlam for 2 billion dollars
  • 2021
    IPO of Majorel for 3.3 billion euros
  • 2023
    Partnership between IEG and Globeducate
  • 2023
    Sale of Majorel to TP for 3 billion euros
Our portfolio

Our portfolio reflects diversity in sectors focused on human and business services. Since 2018, Saham has actively shifted towards financial services, outsourced services, real estate, education, and agriculture, withdrawing from previous sectors such as insurance, healthcare, and pharmaceuticals.

AGRICULTURE
REAL ESTATE
EDUCATION
FINANCIAL SERVICES
CUSTOMER EXPERIENCE & BPO

Acting for equal opportunities through two major pillars:

Act for health in Africa
~100 000
direct beneficiaries to date
Act for school children’s health
1 000 000
Young pupils targeted per year