The Tunisian dealership has just announced the mobilization of 150 million dinars through a shareholder current account advance and a future bond issuance.
The objective: to comply with the very recent circular from the Central Bank of Tunisia (BCT).
Meeting on May 25, 2026, the Board of Directors of Ennakl Automobiles approved two major financial decisions to secure the company’s liquidity:
· A shareholder current account advance of 50 million dinars.
· A standard bond issuance with a maximum value of 100 million dinars, which will be issued without a public offering.
Why such a fundraising?
According to the company’s statement, these financial resources will be used to proactively build up cash reserves. More specifically, Ennakl must proceed with the renewal of its Standby Letters of Credit (SBCs), crucial bank guarantees for its import operations, already put in place with its approved intermediaries.
This financial restructuring is a direct consequence of the application of the Central Bank of Tunisia (BCT) circular No. 2026-04. By taking preemptive action, the dealership demonstrates its responsiveness to the evolution of the Tunisian banking regulatory framework.
Although approved by the Board of Directors, the issuance of the 100 million dinar bond still requires the green light from the company’s shareholders.
To this end, the Board has convened an Ordinary General Assembly for June 24, 2026, the main agenda item of which will be the authorization of this debt raise.
