VOL. XL
No. 30
28-July-1997
MOROCCO
ARIG Buys Stake In CNIA
Arig Arab Insurance Group (ARIG), the big Gulf-based insurance company, announced on 24July that it had acquired the Moroccan Government's stake in Compagnie Nord Africaine etIntercontinentale d'Assurances (CNIA). ARIG acquired a 78.5% stake in cooperation with twoMoroccan firms, the mutual fund investment company Interfina and insurance companyAtlanta, and kept 67% for itself. ARIG has already acquired investments in insurance...
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