Sanlam merges its two companies, Saham and Soras

The Sanlam South African Group has merged its two Rwandan entities, Saham Assurance Rwanda and Soras Assurance General.

Approved by the National Bank of Rwanda (BNR), the combination process of the two companies is expected to be completed in March 2019. Under the terms of the arrangement, Saham's insurance portfolio, assets and liabilities will be transferred to Soras.

This transaction will enable Sanlam, already operating in 33 African countries, to strengthen its presence in Rwanda and to expand its product range.

Read also:

• Sanlam - SAHAM Finances: finalization of acquisition of Moroccan group