Following a tender where it was the sole sponsor, QNB (Qatar National Bank) was able to take total control of the shareholding of the TQB (Tunisia Qatar Bank).
The tender targeted the acquisition of 50% share of the Tunisian State. According to the management of the bank, QNB had paid 100 MTD.
The same source told us that the share of TQB had been formally evaluated between 23 and 26 TD. The sale was made, however, for more than 30 TD/share.
Now officially present in Tunisia, QNB prepares the meeting of its Board of Directors which should accept the resignation of representatives of the Tunisian government and approve the appointment of new representatives of Qatar.
The TQB is also preparing a new business plan which is expected to increase by more than 3% market share in the financial market in Tunisia. It could also give its consent for a possible capital increase that should lead it to a listing on the main market of the Tunis Stock Exchange.
