Magazine date:
Jun 2014 The "Banque Centrale Populaire" (BCP) has obtained the approval of the "Commission Administraton Organisation (CAO) to create a mutual insurance company.
The new company, named Taamine Chaabi, will be endowed with an initial capital of 6.05 million USD, 5.9 million (98%) of which will be owned by the "Mutuelle Centrale Marocaine d'Assurances" (MCMA).
Taamine Chaabi is awaiting the approval of the minister of finance.