Cession plan of Zitouna Bank and Zitouna Takaful

Al Karama Holding has entrusted its cession plan of Zitouna Bank and the insurance company Zitouna Takaful to a consortium led by Finactu consulting firm. The consortium includes BDO, the world's 5th largest audit group, Auxilium Consulting, a Tunisian consulting group providing consulting and chartered accountancy services, and the law firm Adly Bellagha & Associés.

Al Karama group intends to sell 58% of the capital of Zitouna Bank and 88% of the takaful insurer, two institutions created respectively in 2009 and 2011.

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