How Moroccan billionaire Moulay Elalamy took 92.3% control of Sweden's Arktika bank
Le Desk revealed that Moulay Hafid Elalamy structured 92.3% control of Sweden's Arktika Capital AB through a chain of Saham vehicles, with his son installed as CEO.
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Le Desk revealed that Moulay Hafid Elalamy structured 92.3% control of Sweden's Arktika Capital AB through a chain of Saham vehicles, with his son installed as CEO.
Moroccan billionaire Moulay Hafid Elalamy has acquired a majority stake in Arktika Capital AB, a Swedish licensed credit institution that buys and manages non-performing loan portfolios across Europe.
Saham Group has executed a $412 million equity swap to boost its position in Teleperformance, the global customer services company it helped build.
Fitch affirmed Morocco’s Eqdom at AA-(mar) with a stable outlook, citing expected support from Saham Bank and improving loan recoveries.
Morocco’s 35-year-old billionaire heir is quietly reshaping Saham—driving banking expansion, credit growth, and billion-dollar deals once led by his father.
The acquisition marks a strategic shift for Saham Group as it absorbs all activities, client portfolios, and employees of the acquired entities.