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Tunisia: CHO, leader in packaged olive oil, quadruples its capital to 27 MTND

An Extraordinary General Meeting held on December 10, 2019 decided to increase the capital of the Company of Olive Oil Packaging (CHO) by an amount of 19.945 million dinars to 27 million dinars, through the creation of 199,450 new shares of 100 dinars each.

The General Meeting decided to cancel all preferential subscription rights in favor of “CHO COMPANY”, to which the capital increase was reserved. In January 2019, CHO had opened its capital to Gulf Capital, which invested USD 22 million.

The Tunisian leader of packaged olive oil, CHO, of its founder Mr. Abdelaziz Makhloufi, made a net profit of 3 million dinars in 2018 for a turnover of nearly 230 million including 218 million from olive oil exports in bulk.

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