The Tunisian State, Al Karama Holding and the Portfolio Invest Company, the majority shareholders of Zitouna Bank and Zitouna Takaful have decided to proceed with the sale of a single block of shares representing 69.15% of the capital of Zitouna Bank and 70% of Zitouna Takaful by international call for tenders to a strategic investor who will have the ability to manage and develop them.
The Consortium led by Finactu International and including BDO Tunisia, Auxilium Consulting and the law firm Adly Bellagha & Associés has been retained by Al Karama as exclusive consultant to assist in the realization of the sale transaction.
The assignment process includes a pre-qualification phase of the candidates, followed by a financial offers phase open to all pre-qualified candidates.
In the pre-qualification phase, the investor of Tunisian or foreign nationality wishing to participate in this process must be a legal person or a consortium, headed by a leader who must be a legal person and be composed of legal persons or legal and natural persons.
Interested investors are invited to pick up the forms from Wednesday April 4, 2018 at 10:00 at Al Karama Holding headquarters.
Pre-qualified candidates will be notified no later than Monday, June 11, 2018 and may then pick up a tender dossier.
Zitouna Bank is a bank created in October 2009 and licensed to practice Islamic banking in accordance with the regulations in force.
The bank has a network of 114 branches spread throughout the Tunisian territory.
Zitouna Takaful is the first insurance company in Tunisia operating according to the Takaful model.
It has a network of 48 branches and branches spread throughout the country.