Economy

Saham Bank Strengthens Its Governance with the Appointment of Sophie Elkrief

Saham Bank Strengthens Governance with New Independent Board Member

Saham Bank continues to enhance its governance by welcoming Sophie Elkrief to its Supervisory Board as an independent member. This appointment was officially approved by shareholders during the bank’s Annual General Meeting, set against a backdrop of strong financial performance and a new phase of strategic development.

A Proven Track Record in International Finance

With a career built within major international financial institutions, Sophie Elkrief has held prominent roles at J.P. Morgan, Dexia, and Meeschaert Asset Management. Her experience acquired across New York, London, and Paris has enabled her to develop sharp expertise in finance, corporate governance, and strategic project management.

Her academic background also reflects a high level of excellence. A graduate of the École nationale des ponts et chaussées, INSEAD, and ESSEC Business School, she is recognized for her ability to assist governing bodies in making strategic decisions.

Strengthened Governance to Support Growth

With this appointment, Saham Bank reaffirms its commitment to surrounding itself with professionals possessing solid international experience to support its growth strategy and enhance the governance standards of the institution.

The Supervisory Board now includes a new independent expertise that will contribute to the bank’s strategic directions in a rapidly evolving banking environment.

Significant Financial Growth

This governance evolution takes place as Saham Bank reports outstanding financial performance. For the financial year ending December 31, 2025, the bank reported a net accounting profit of 1.43 billion dirhams, while the net profit attributable to the group reached 1.71 billion dirhams, confirming the robustness of its development model.

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