Tunisia: Attijari Bank to sell client’s 27.550 shares over court decision

Country’s largest banking network Attijari Bank is to sell 27.550 shares belonging to a client who contracted a loan from the bank.

The decision for the sale has been made by a court decision. Tunis stock market on Friday said the auction would take place October 17.

The minimal rate for the share is $14.14 while the bank’s share trades at $14.54.

Attijari Bank is dominated by Morocco’s banking group Attijariwafa bank which acquired the institution in December 2006.

It operates around 203 local branches as of end of last year. In 2015, it achieved a net profit of $36,456.

About Khalid Al Mouahidi 4420 Articles
Khalid Al Mouahidi : A binational from the US and Morocco, Khalid El Mouahidi has worked for several american companies in the Maghreb Region and is currently based in Casablanca, where he is doing consulting jobs for major international companies . Khalid writes analytical pieces about economic ties between the Maghreb and the Mena Region, where he has an extensive network