Société Générale Marocaine de Banques (SGMB) has been a leading banking player in Morocco for over a century, offering a comprehensive range of financial services to individuals, businesses, and institutions. Formerly the Moroccan subsidiary of the Société Générale Group, SGMB has established itself as a key player in the national banking market, thanks to its diversified offerings and extensive branch network across the country.
In April 2024, the Société Générale Group announced the sale of its majority stake in SGMB to the Saham Group. This transaction, finalized in December 2024, enabled Saham to acquire 57.67% of SGMB.
Saham firmly believes that SGMB and its subsidiaries, with their strategic positioning, financial strength, and highly skilled workforce, constitute a robust platform built on strong fundamentals. This solid foundation paves the way for the creation of a new Moroccan financial group and enhances Saham’s ability to better support the Kingdom’s economy.
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