CEO of the Tunis Stock Exchange, Bilel Sahnoun, has stated that 95% of the economy is currently financed by the banking sector.
Speaking on Express FM on Thursday, he added that a few years ago, the Tunis Stock Exchange financed up to 10% of the economy, but that this rate was still well below that of similar countries, where it had reached 30%.
In this context, he called for diversifying sources of financing, amending the law and integrating new financial products.
Sahnoun also pointed out that a company may raise funds at the time of its IPO for various reasons, such as future investments, restructuring and the integration of new partners.
