Press release regarding the meeting of the Permanent Commission of the Competition Council – held on Monday, June 24, 2024

In accordance with the provisions of Article 14 of Law 20-13 on the Competition Council, as amended and supplemented, the Permanent Commission of the Council held a meeting on Monday, June 24, 2024 at 09:30, under the chairmanship of Mr. Ahmed Rahhou, President of the Competition Council, to examine the files submitted to it by the Council’s investigation services.

At the beginning of its work, the Permanent Commission approved the minutes of its meeting held on June 20, 2024.
The Permanent Commission then decided to authorize the following economic concentration operations:

• The creation of the joint venture « Inwi Sign SA » by the company « Wana Corporate SA » and the company « Idemia Identity & Security France SAS » ;
• The acquisition by the company « Saham Finances S.A » of the exclusive control of « Société Générale Marocaine de Banques S.A » through the acquisition of 57.67% of its share capital and associated voting rights ;
• The exclusive control acquisition by the company « Saham Horizon S.A » of the company « La Marocaine Vie S.A » through the acquisition of 50.98% of its share capital and voting rights.