Magazine date:
Jun 2010 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%.