Saham Life Insurance increases its capital

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SahamSaham Life Insurance Cameroon is increasing its capital which went from 1.12 billion FCFA (1.95 million USD) up to 3.37 billion FCFA (5.8 million USD) thus upgrading by 1.75 billion FCFA (3 million USD).

An Extraordinary General Meeting EGM shall be held on the 9th of May 2019 in Douala for the shareholders to ratify the operation. The assembly intends to waive the preferential subscription rights of shareholders. This initiative shall boost the entry of new shareholders mainly those of the South-African group Sanlam, the new owner of Saham Life Insurance Cameroon since 2018. Ultimately, the EGM shall tackle the company’s change in legal status.

Founded in 1918, the Sanlam group is operating in 33 African countries throughout 90 establishments.

Read also | Saham Assurance: 2018 results

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Tue, 16/04/2019 - 09:02
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