Tunis Stock Exchange: The bell rings for the first listing of “Assurances Maghrebia vie”

The bell on the Tunis stock exchange rang on Friday, announcing the IPO of the company “Assurances Maghrebia vie” and the start of trading with its title on the main market, noted a journalist from TAP.

This new listing brings the number of listed companies to 82.
The IPO of Assurances Maghrebia vie was carried out through a fixed price offer of 2,340,747 shares and a global placement of 5,159,253 shares, i.e. a total of 7,500,000 shares. , which represents 30% of the share capital.

The share price is 6,080 dinars. The operation involved a total amount of 45.6 MD.
The result of the placement of the securities using the fixed price offering revealed a demand of 3.9 times the number offered, attracting 1,525 new shareholders, while the global placement was subscribed by 48 investors.

Through this introduction, the insurance company intends to strengthen its equity capital, finance its internal growth, develop internationally and take advantage of the tax advantage.
During the celebratory ceremony for the start of the negotiations on the title “Assurances Maghrebia vie”, the General Manager of the Tunis Stock Exchange, Bilel Sahnoun, declared that the operation is largely “successful” insofar as the fixed price offer was subscribed for more than 5 times, despite the difficult economic situation in the country.

For his part, Nabil Essassi, chairman of the board of “Assurances Maghrebia Vie” and president of the UFI Group, emphasized that the insurance sector “must develop to be a real pillar in the development and financing of the economy”.

In addition, the chairman of the board of the Tunis Stock Exchange and general manager of the introducing intermediary MAC SA, Mourad Ben Chaabane, indicated that the Tunis Stock Exchange lost several listed companies this year, and called on all stakeholders to combine their efforts in order to attract new companies.
He indicated in this context that three or four new introductions of a size varying between 50 and 100 million dinars should be carried out next year on the Tunis stock exchange.

– Publicity-

1 thought on “Tunis Stock Exchange: The bell rings for the first listing of “Assurances Maghrebia vie””

  1. I’d like to thank you for the efforts you’ve put in penning this blog.
    I’m hoping to check out the same high-grade blog posts by you later on as well.

    In truth, your creative writing abilities has inspired me to
    get my own, personal site now 😉

    Reply

Leave a Comment

%d bloggers like this: