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The Boards of Directors of Sanlam Morocco and Allianz Morocco convened on 11 and 12 March 2026 and approved the proposed merger of the two companies.
Under the terms of the transaction, the parties agreed on an exchange ratio of 2 Allianz shares for 5 Sanlam shares. The merger will be carried out through the absorption of Allianz by Sanlam, together with a capital increase by Sanlam reserved for Allianz shareholders.
Subject to the approval of the relevant regulatory authorities and the shareholders of the companies concerned, the merger is expected to be finalized in July 2026. Upon completion, Allianz Morocco will be dissolved without going into liquidation.
