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Our History

Our history revolves around three main stages

The initial phase of developing our historical businesses
  • 1995
    SAHAM Group creation by acquiring the broker Agma
  • 1999
    Creation of Phone Assistance, first call center in Morocco
  • 2004
    Partnership between Bertelsmann and Phone Assistance
  • 2009
    Merger between CNIA and Es Saada (bought in 2005 and 2006)
  • 2010
    Acquisition of Colina Insurance Group (16 African countries)
  • 2010
    IPO of CNIA SAADA for approximately 400 million euros
  • 2012
    Acquisition of Lia Insurance – Lebanon
  • 2013
    Acquisition of Mercantile Insurance – Kenya and Corar AG – Rwanda
The expansion of our historical businesses while diversifying into new sectors
  • 2013
    Creation of Medjool Star
  • 2014
    Creation of Saham Immobilier
  • 2015
    Creation of Meden Healthcare
  • 2015
    Creation of IEG (Education)
  • 2015
    Acquisition of ECCO outsourcing center for customer relations and BPO – Egypt
  • 2017
    Acquisition of Pioneers Outsourcing – Saudi Arabia
  • 2018
    Sale of the Insurance division to Sanlam valued at 2 billion dollars
The ascent of Majorel and the exploration of novel diversification strategies
  • 2019
    Creation of Majorel (merger of SAHAM/Bertelsmann CRM activities)
  • 2020
    Sale of Saham Pharma and Meden Healthcare
  • 2021
    Majorel IPO on the Amsterdam Stock Exchange for a valuation of 3.3 billion euros
  • 2023
    IEG partnership with Globeducate (large international education group)
  • 2023
    Sale of Majorel to Teleperformance for 3 billion euros
  • 2024
    Acquisition of a majority stake in the SGMB Group