The Tunis Stock Exchange has just published information on the acquisition by SMFH (Société Maghreb Financière Holding), the financial arm of the Mabrouk Group, of thirty thousand (30,000) BIAT shares at a weighted average price of TND 93.8, for a total amount of TND 2.814 million. The CEO of SMFH, Ismail Mabrouk, is also the Chairman of the Board of Directors of BIAT.
Reliable sources at SMFH told Africanmanager that “this was nothing more than a cash investment operation (carried out on August 24, 2023), with BIAT shares inspiring confidence in the holding company’s investment committee”.
On the website of stock market broker Mac SA, BIAT shares were quoted at TND 93.99 on August 24, 2023, up 0.30%.
