Sanlam Ltd To Increase Interest In SAHAM Assurance S.A. Call Transcript
Good day, ladies and gentlemen, and welcome to the Sanlam Investor Call. (Operator Instructions)
Please note that this call is being recorded. I would now like to turn the conference over to Paul Hanratty. Please go ahead, sir.
Thanks very much. Good afternoon, ladies and gentlemen, and thank you for joining us on this conference call. I'm joined today on this call from Sanlam by Abigail Mukhuba, who is our CFO; Heinie Werth, the CEO for Sanlam Emerging Markets; Lotz Mahlangeni and Grant Davids. And then from Santam, we are delighted to have with us today Lizé Lambrechts, who's the CEO; and Hennie Nel, CFO.
Earlier today, we announced our intention to increase Sanlam shareholding in SAHAM Assurance Maroc, the leading property and casualty insurer in Morocco, and a business which we have a very strong regard for within our portfolio for the long term. Through our SAN JV, we are acquiring an additional 22.8% of the issued shares of SAHAM Assurance Maroc from Mr. Said Alj from
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