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Friday 2 June 2023
HomeNewsTunisia: STB Group continues selling its WIFAK Bank shares

Tunisia: STB Group continues selling its WIFAK Bank shares

The STB Group, which holds 13.7% of the capital of the Islamic bank WIFAK Bank, said on Thursday it has sold 1,713,676 WIFAK Bank shares at a price of 6.600 dinars, for a total amount of 11.3 million dinars, representing 5.7% of the capital.

Besides, STB, its two subsidiaries STB Invest and STB Sicar sold this week for 7 million dinars and 2.3 million dinars of WIFAK Bank shares, respectively.

In total, the STB Group sold 20.3 million dinars worth of WIFAK Bank shares, i.e. 10.4% of the capital.

As a result, the public bank now holds only a little over 3% of the Islamic bank’s capital.

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