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Saham
Saham traces its roots to 1995 when Moulay Hafid Elalamy established the firm in Casablanca. The Elalamy family owns the office outright. It began in insurance...
Saham
Saham traces its roots to 1995 when Moulay Hafid Elalamy established the firm in Casablanca. The Elalamy family owns the office outright. It began in insurance before exiting that sector entirely in 2018. The current portfolio centers on private equity and real estate. Confirmed holdings include Saham Bank, formerly SGMB, acquired in 2024 and rebranded in 2025. Arktika Capital, launched in 2025, holds a Swedish credit license for European NPL portfolios. Medjool Star operates the world's largest date-palm farm. IEG runs an international school network that partnered with Globeducate in 2023. Saham Immobilier develops projects in Casablanca and Dar Bouazza. Capital is deployed in Africa, Europe and the Middle East. Saham employs no disclosed headcount figure. It maintains a foundation, Saham Fondation, and holds membership in the International Chamber of Commerce through its founder. In 2025 the firm created Arktika and secured the NPL license. Additional real-estate assets include properties in Paris and mixed-use developments in Casablanca Finance City. Saham operates through direct ownership of operating companies rather than external fund commitments. The structure separates the family office from the listed vehicles it previously controlled, such as Majorel, sold to TP in 2023. Governance rests with the founder and his children who hold executive roles at the subsidiaries.
General information
Firm type
Single Family Office
Year founded
1995
Location
Region
Africa
Country
Morocco
City
Casablanca
Corporate office
Casablanca, Morocco
Additional offices
Dubai
Principals
Moulay Hafid Elalamy
Founder and President
Altss tracks 2 additional named team members for this firm — including direct investment leads, IR, and operating principals not listed on the public website.
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Frequently asked questions
Who runs investment decisions at Saham?
Moulay Hafid Elalamy serves as President and directs strategy. His son Moulay Mhamed Elalamy acts as CEO of Saham Group and oversees day-to-day operations.
How does Saham source proprietary deal flow?
The firm relies on the founder's network from prior roles at CGEM and as Minister of Industry. Direct ownership of operating subsidiaries generates internal opportunities in banking and agriculture.
Does Saham participate in fund commitments or only direct deals?
Saham focuses on direct ownership of operating companies. No external fund commitments appear in disclosed activity after the 2018 insurance exit.
What investment stages does Saham typically target?
The office acquires controlling stakes in established companies and develops real-estate projects. It also holds credit portfolios through Arktika Capital.
Where does the underlying wealth come from?
Wealth originated from the insurance business built by Moulay Hafid Elalamy and sold to Sanlam in 2018 for $2 billion.
Does Saham maintain philanthropic structures, and how are they separated?
Saham Fondation exists as the family's philanthropic vehicle. It operates separately from the investment portfolio.
What is Saham's known posture on co-investments alongside external GPs?
No co-investment activity with external managers is disclosed. Capital is deployed through wholly owned subsidiaries.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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