Macif is in partnership with SAA

The French insurance group Macif, the SAA (Société Nationale d'Assurance), BADR (Banque Algérienne de Développement Rural) and BDL (Banque de Développement Local) are about to establish a new life insurance company. Macif will retain 34% of the new entity's capital, thus, complying with the legislation which restricts foreign participation to 49%.