Qatari Majda group bought, through its Tunisian arm Majda Tunisia, the 20.9% stake held by the holding company Triki in the capital of the Islamic bank Zitouna Bank.
The operation costs TND11.88 million and concerns nearly 25 million shares sold at TND4.460 dinars each. The Qatari group, which previously held 79% of the capital of Zitouna Bank, thus increased its stake to 100%. Triki realizes a capital gain of 9.1 million dinars.
This new sale occurs a year after Triki acquired the 20.9% stake held by the Islamic Development Bank (IDB) in the capital of Zitouna Bank in July 2018 for 102.8 million dinars. The company gave no clear reason for divesting its shares. However, it is known that the Islamic bank Zitouna ended the year 2018 with a net profit down 20.2% compared to 2017.
Chamberline Moko
Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...
Novo Nordisk cuts Wegovy prices in South Africa amid competition Move targets rival Eli Lil...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
ECOWAS, Energy China discuss regional power infrastructure cooperation Talks cover $36.3...
South Africa pushes faster oil, gas exploration despite legal challenges Environmental groups’ co...
Kenya, Mozambique sign three cooperation agreements across key sectors Deals cover training, corrections, youth, sports, and research...
Efforts to reinforce health systems are gaining pace across Africa, with this week’s developments focused on emergency response capacity, disease...
Uganda plans $113.3 million injection to expand Uganda Airlines fleet Funding to purchase 10 aircraft amid rising demand, disruptions Airline...
Tunisia approves $51.9 million loan for rail upgrade Output drops to 3.9 mln tonnes, 40% of capacity Project targets export growth and SNCFT...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...
Top 50 ranking highlights women across core tourism service segments Tourism contributes $168 billion to GDP and supports over 24 million...