Europe’s growing debt stress is creating a new class of winners, and Moroccan billionaire Moulay Hafid Elalamy wants in.
The chairman of Saham Group has acquired a majority stake in Arktika Capital AB, a Swedish licensed credit institution focused on buying and managing distressed loans across Europe.
The acquisition gives Elalamy direct exposure to one of the continent’s fastest-growing corners of finance at a time when higher borrowing costs, slowing growth, and rising financial pressure are pushing more European consumers and businesses into trouble.
The deal, according to Africa Intelligence, marks another major international move by the billionaire businessman as he quietly builds a cross-border financial empire stretching from Morocco to Europe.
Betting on Europe’s bad loans boom
