Société Générale Morocco

[2] In April 2024, Société Générale announced the sale of its majority stake in SGMB to the Saham Group [fr] controlled by Moroccan financier Moulay Hafid Elalamy.

[3] In 1913, Société Générale, by then one of the world's largest banks, decided to expand to the newly established French protectorate in Morocco and opened branches in Casablanca and Tangier.

In 1923, it relocated its Moroccan head office in Casablanca from the rue des Consuls to a purpose-built building on the prestigious boulevard Mohammed V [fr],[4] designed by architect Edmond Gourdain.

[1] In 1965, it absorbed the Moroccan operations of Société Marseillaise de Crédit and expanded to more cities.

[7] On 12 April 2024, Société Générale announced the sale of its 57.7 percent stake in SGMB to Saham Group together with its insurance subsidiary, La Marocaine Vie, for a total price of 745 million euros.

Former head office building on 84, boulevard Mohammed V in Casablanca
Branch in Tétouan , originally erected by the State Bank of Morocco