The Abraaj Group and the International Finance Corporation are exiting their stakes in Saham Finances, an insurer. Buyers in the deal include Saham Group, parent company of Saham Finances, and Sanlam Group, which said it is acquiring a 30% stake in the company for a purchase consideration of $375 million. The transaction is expected to close in early 2016. Saham Finances operates 31 insurance and reinsurance subsidiaries in 26 countries in Africa and the Middle East. Abraaj and IFC both invested in the company in 2012.