Latest news with #MoulayHafidElalamy
Ya Biladi
10 hours ago
- Business
- Ya Biladi
Société Générale Maroc becomes Saham Bank, reveals new ambitions
Six months after being acquired by the Saham Group, Société Générale Marocaine de Banques (SGMB) has officially rebranded as Saham Bank. The name change marks the end of the first phase of its transformation and the start of a new chapter, one that blends nearly a century of banking experience with a bold, forward-looking vision. Positioning itself as a next-generation bank, Saham Bank combines the legacy and discipline of an established institution with the entrepreneurial energy of its new shareholder. The shift comes with a renewed focus on customer experience, simplified services with real impact, a more agile leadership culture, and a stronger presence on the ground. Early signs are promising. The bank reported a 16.97% rise in net profit in Q1 2025, reaching 420 million dirhams, a clear signal that the strategy is already gaining traction. Stable Governance with a Renewed Vision Unveiled in Casablanca on June 18, Saham Bank is backed by stable leadership. Saham Group founder Moulay Hafid Elalamy now chairs the Supervisory Board, joined by Moulay M'Hamed Elalamy as vice president. Ahmed El Yacoubi continues as Chairman of the Management Board, with his existing team in place, ensuring operational continuity while aligning with Saham's long-term vision. Since the transition, the bank has begun redesigning its customer journey for clarity and efficiency, rolling out new offers built around real value, and evolving its internal culture to emphasize local engagement, teamwork, and initiative. Looking Ahead: A New Strategy for Moroccans Abroad? Saham Bank is also rolling out a new visual identity, modern and distinctive, yet still recognizable. The goal, says leadership, is to deliver «the best of both worlds»: honoring SGMB's legacy while building a more personal, accessible banking experience. When asked by Yabiladi about plans for Moroccans living abroad (MREs), El Yacoubi admitted this market has been overlooked. «We currently hold just 4% of the MRE market. With Saham, we've been asked to rethink that», he said. A new strategy is in the works to offer tailored, competitive solutions for Moroccans around the world.
Ya Biladi
17 hours ago
- Business
- Ya Biladi
Société Générale Maroc becomes Saham Bank, reveals new ambitions
Six months after being acquired by the Saham Group, Société Générale Marocaine de Banques (SGMB) has officially rebranded as Saham Bank. The name change marks the end of the first phase of its transformation and the start of a new chapter, one that blends nearly a century of banking experience with a bold, forward-looking vision. Positioning itself as a next-generation bank, Saham Bank combines the legacy and discipline of an established institution with the entrepreneurial energy of its new shareholder. The shift comes with a renewed focus on customer experience, simplified services with real impact, a more agile leadership culture, and a stronger presence on the ground. Early signs are promising. The bank reported a 16.97% rise in net profit in Q1 2025, reaching 420 million dirhams, a clear signal that the strategy is already gaining traction. Stable Governance with a Renewed Vision Unveiled in Casablanca on June 18, Saham Bank is backed by stable leadership. Saham Group founder Moulay Hafid Elalamy now chairs the Supervisory Board, joined by Moulay M'Hamed Elalamy as vice president. Ahmed El Yacoubi continues as Chairman of the Management Board, with his existing team in place, ensuring operational continuity while aligning with Saham's long-term vision. Since the transition, the bank has begun redesigning its customer journey for clarity and efficiency, rolling out new offers built around real value, and evolving its internal culture to emphasize local engagement, teamwork, and initiative. Saham Bank is also rolling out a new visual identity, modern and distinctive, yet still recognizable. The goal, says leadership, is to deliver «the best of both worlds»: honoring SGMB's legacy while building a more personal, accessible banking experience. When asked by Yabiladi about plans for Moroccans living abroad (MREs), El Yacoubi admitted this market has been overlooked. «We currently hold just 4% of the MRE market. With Saham, we've been asked to rethink that», he said. A new strategy is in the works to offer tailored, competitive solutions for Moroccans around the world.
Business Wire
21-05-2025
- Business
- Business Wire
Teleperformance: Combined Shareholders' Meeting of May 21, 2025
PARIS--(BUSINESS WIRE)--Regulatory News: Teleperformance SE's (Paris:TEP) Combined General Meeting was held today in Paris under the chairmanship of Mr. Moulay Hafid Elalamy, Chairman of the Board of Directors. Shareholders adopted all the resolutions submitted to their vote. They notably approved: the 2024 parent company and consolidated financial statements; the dividend of €4.20 per share: the ex-dividend date is May 26, 2025 and the payment date is May 28, 2025; the renewal of the authorization granted to the Board of Directors to repurchase the Company's own shares within the limit of 10% of the number of shares comprising the share capital; the renewal of the terms of office of two directors: Mrs. Pauline Ginestié and Mr. Kevin Niu; the ratification of the appointment of Mrs. Vera Songwe and Mr. Mehdi Ghissassi as directors. These appointments will continue to strengthen the Board's diversity in terms of experience, expertise, notably in Artificial Intelligence, and nationalities; the remuneration of directors and corporate officers as well as their remuneration policy related to 2025. The approval of all the resolutions presented* reflects the Group's ongoing commitment to meet the expectations of its shareholders and adopt best practices in governance. * Voting results will be available soon on TP's corporate website ( – Investors / General Meetings section). INDICATIVE INVESTOR CALENDAR ABOUT TELEPERFORMANCE GROUP (TP) TP (TEP – ISIN: FR0000051807 – Reuters: - Bloomberg: TEP FP) is a global leader in digital business services which consistently seeks to blend the best of advanced technology with human empathy to deliver enhanced customer care that is simpler, faster, and safer for the world's biggest brands and their customers. The Group's comprehensive, AI-powered service portfolio ranges from front office customer care to back-office functions, including operations consulting and high-value digital transformation services. It also offers a range of Specialized Services such as collections, interpreting and localization, visa and consular services, and recruitment process outsourcing services. The teams of multilingual, inspired, and passionate experts and advisors, spread in close to 100 countries, as well as the Group's local presence allows it to be a force of good in supporting communities, clients, and the environment. In 2024, TP reported consolidated revenue of €10,280 million (US$11 billion) and net profit of €523 million. TP shares are traded on the Euronext Paris market, Compartment A, and are eligible for the deferred settlement service. They are included in the following indices: CAC 40, STOXX 600, S&P Europe 350, MSCI Global Standard and Euronext Tech Leaders. In the area of corporate social responsibility, TP shares are included in the CAC 40 ESG since September 2022, the Euronext Vigeo Euro 120 index since 2015, the MSCI Europe ESG Leaders index since 2019, the FTSE4Good index since 2018 and the S&P Global 1200 ESG index since 2017. For more information: Teleperformance SE (Societas Europaea). Share capital of €149,685,912.50. 301 292 702 RCS Paris. 21-25 rue Balzac, 75406 Paris Cedex 08 France. Siret 301 292 702 00059. Code APE 6420Z.
Ya Biladi
28-03-2025
- Business
- Ya Biladi
Société Générale Morocco : 2024 marked by shareholder change and mixed results
The Supervisory Board of Société Générale Maroc, chaired by Moulay Hafid Elalamy, met on March 25 to finalize the accounts for the 2024 fiscal year. This year marks a strategic turning point: the bank's acquisition by the Saham Group, bringing an end to Société Générale's presence in Morocco. The transition to Saham ownership was executed smoothly, ensuring service quality remained unaffected. A well-managed separation from the French group allowed for a seamless shift in operations. This acquisition opens a new chapter for the institution, which now seeks to strengthen its autonomy and tailor its business model to the Moroccan market. Despite this structural shift, business activity remained strong. Deposits grew by 8.94%, reaching 80.1 billion dirhams, while outstanding loans totaled 93.9 billion dirhams. Net Banking Income (NBI) increased by 4.17% to 5.8 billion dirhams. However, financial performance was impacted by two exceptional charges: a provision related to the empowerment program and a tax audit, amounting to 800 million dirhams. Without these costs, consolidated net income would have stood at 1.4 billion dirhams. After accounting for them, it declined to 795 million dirhams, reflecting a 41.61% drop. Despite the decline in profits, the bank maintains some of the strongest prudential ratios in the market, with a solvency ratio of 14.61% and a Core Tier 1 ratio of 13.86%. With a solid financial foundation and a strategy focused on efficiency and growth, the bank looks to the future with confidence under its new shareholder.
