Wafa Assurance SA (CBSE:WAA) agreed to acquire 75% stake in Solidarité Africaine d'Assurance on September 18, 2012. The transaction is subject to approval of authorities in both Ivory Coast and Morocco. SAFA's turnover in 2011 was XOF 1.8 billion.

Wafa Assurance SA (CBSE:WAA) cancelled the acquisition of 75% stake in Solidarité Africaine d'Assurance on October 14, 2013.