The takeover, which the amount has not been disclosed, allow the group Saham to make its entry into the Nigerian market.
Following the recent purchase of 66% of the Rwandan CORAR-AG, the new transaction brings the Moroccan group's presence on the African continent to 20 countries.
Unitrust Insurance works on non-life insurance market. The company achieved a turnover of 19 million USD in 2013, with a net result of 8.7 million USD.