The Moroccan insurance and reinsurance brokerage and consulting company is preparing to bring Axa’s current director of business development in Africa onto its board of directors. The Ordinary General Meeting (AGO) of AGMA, scheduled for Wednesday, May 29, will ratify the decision to appoint Abdelhadi Elomari as director of the company.
The Moroccan insurance and reinsurance brokerage and consulting company, Agma, has convened an ordinary general meeting on Wednesday, May 29. The draft resolutions of the AGO provide for the appointment of Abdelhadi Elomari to its board of directors as Director, replacing Meryem Chami for the remaining duration of his mandate.
The latter, who was at the head of AXA’s Morocco and Cima subsidiaries (Cameroon, Ivory Coast, Gabon, Senegal) on the continent before being promoted to general manager of AXA Africa Holding last August, has in fact resigned from his position as Director of Agma. “The Ordinary General Meeting takes note of the resignation of Meryem Chami from her mandate as Director, thanks her warmly for her contribution to the governance of AGMA SA, for the efforts made during her mandate and gives her full, complete and complete discharge. definitive of his management as Director”, we can read in the draft resolutions of the AGO.
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Abdelhadi Elomari capitalizes on very rich professional experience in the field of insurance with the acquisition of versatility following several positions of responsibility: underwriting, sales, reinsurance, portfolio quality, audit, control, and governance. In fact, he spent most of his professional career within AXA.
A graduate of the Mohammadia School of Engineers (EMI) with a state engineering diploma in Mechanical Engineering (Mechanical Design and Manufacturing), he joined Axa Assurance Maroc in 2013 as Corporate Market Director. He held this position for nearly four and a half years before joining the Société Centrale de Réassurance (SCR) to lead the delegated management in charge of the Moroccan market division. After almost four and a half years, he returned to AXA and never left. He took charge of the company’s market as Executive Director for more than two years before being promoted to director of business development for AXA in Africa last November.
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AGMA ended the 2023 financial year with an increase of 5.8% in its turnover. The latter stood at 160.8 million DH compared to 152 million DH a year earlier.
Operating income at the end of 2023 amounts to 88.6 million DH versus 82 million DH at the end of 2022, representing growth of 8%, driven by the increase in operating income. The net result stood at 64.4 million DH compared to 55.3 million DH. It increased by 16.5% following the growth in operating income and financial income, on the one hand, and the drop in the corporate tax rate, on the other.
The RNPG was established in 2023 at 63.3 million DH (compared to 56.8 million DH), an improvement of 11.4% compared to 2022. Thus, the Board of Directors decided to propose to a vote during of the next AGM, which will be held on May 29, the distribution of a dividend of 275 DH per share, or a total of 55 million DH, an increase of 7.8% compared to last year.
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In terms of prospects, AGMA SA intends to continue in 2024 “its commercial development effort in all regions of the Kingdom and improvement of its operating margin, in order to consolidate its position as a benchmark Consulting Insurer and maintain a satisfactory rate of growth. growth in dividends paid to its shareholders.
