HomeNewsTunisia: ELECTROSTAR to increase its capital by 18 million dinars

Tunisia: ELECTROSTAR to increase its capital by 18 million dinars

ELECTROSTAR will hold an Extraordinary General Meeting on Friday, March 1, 2024 to discuss the approval of the Board of Directors’ report on the reasons for and conditions of the majority shareholder’s commitment to a capital increase of 18 million dinars reserved for it.

The cash capital increase will be decided with the exclusion of the preferential subscription rights in favor of a single shareholder.

The capital of ELECTROSTAR is held by Fethi Hachicha Services (71.7%), Public sur la place de Tunis (12.3%), Financière Wided SICAF (9.18%) and Fethi Hachicha (6.82%).

The net result (group share) for the 2021 financial year will be a loss of 23.7 million dinars, compared with a loss of 23.2 million dinars in 2020.

Cumulative consolidated losses for the 2019, 2020 and 2021 financial years amount to 79.3 million dinars, reducing the group’s equity to a negative balance of 113.1 million dinars.


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