Magazine date:
Feb 2010 Tunis Re is getting listed during the first quarter of 2010. To prepare for this move, a capital increase has been decided by the extraordinary general assembly of January 12, 2010. The current capital of 35 million TND (27 million USD) will be raised to 45 million TND (34.8 million USD). In 2008, Tunis Re reported a turnover of 59.7 million TND (46.8 million USD) and a net profit of 5 million TND (3.9 million USD). Its shareholders' equity amounts to 51.5 million TND (40.3 million USD) while its 2008 ROE is established at 10%. The combined ratio is of 95%.