Salafin SA
CCSEMA:SLF419.00
MAD
-0.50
(-0.12%)
ISIN
MA0000011744
Return %
Stock
S&P 500
1Y
-38.38
14.20
3Y
-23.12
81.12
5Y
-38.83
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Semi-annual Revenue
FRC
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in mil. unless spec.Semi-annual Earnings Per Share
FRC
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in mil. unless spec.Semi-annual Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Aziz Cherkaoui
- Full Time Employees
- 300
- Sector
- Finance
- Industry
- Finance/Rental/Leasing
- Address
- Casablanca Morocco
- IPO Date
- Dec 17, 2007
- Website
- salafin.com
- Similar Companies
- Business
- Salafin SA is a Morocco-based financial services company primarily engaged in providing specialized consumer credit, retail financing, and vehicle financing solutions. Founded in 1997 and headquartered in Casablanca, Morocco, the company operates as a subsidiary of Bank of Africa, which holds a majority equity stake. Salafin SA serves individual retail customers, civil servants, retirees, and self-employed professionals nationwide through its direct agency branches, partner automotive dealerships, affiliated banking networks, and digital channels. The company structures its core portfolio across multiple specialized product and service lines: personal consumer loans, including tailored offerings such as Salaf Wadif for public sector employees, Salaf Retraité for pensioners, and multi-purpose installment loans for home improvement, education, and family expenditures; revolving credit facilities provided under the Oxygen brand; automotive financing solutions, comprising conventional auto loans financing up to 90 percent of vehicle purchase values over terms up to 72 months as well as lease-purchase contracts (Location avec Option d'Achat - LOA) for new motor vehicles; mortgage-backed and secured personal credit lines, including Damana Salaf, for high-capital personal or professional projects; and digital banking services, including proprietary web simulators, online credit application workflows, and a mobile application for loan account tracking, balance inquiries, and amortization schedule management. In recent strategic and operational developments, Salafin SA has expanded its financial inclusion initiatives through a partnership with payment institution Damane Cash and the International Fund for Agricultural Development (IFAD) to facilitate micro-credit access for beneficiaries of remittances sent by Moroccans Residing Abroad (MRE). The institution has also enhanced its direct distribution synergies across the Bank of Africa branch ecosystem, deepened its digital origination capabilities, and regularly updated and executed its multi-year negotiable debt securities issuance programs on the Moroccan capital market to diversify funding sources and support ongoing credit portfolio growth.