Published on Atlas Magazine (https://www.atlas-mag.net)

Home > Printer-friendly

Tunis Re completes capital increase

Tweet [1] [2]
Magazine Issue: 
The digital era, the embodiment of a ruthless economy [3]
Magazine date: 
May 2015

On June 5, 2015, Tunis Re finalized its capital increase which went from 75 million TND (39 million USD) to 100 million TND ( 52 million USD). This transaction comes under the 2012/2016 development plan of the Tunisian reinsurer.

As at 31/12/2014, the capital of Tunis Re was divided between Tunisian insurance companies (42%), legal entities and natural persons (30%), banks (23%) and the State (5%).

As a reminder, the company was established in 1981 with an initial capital of 2 million TND (1) (3.35 million USD). It was listed on the stock exchange market in 2010.

(1) Exchange rate as at 31.12.1981

Tue, 16/06/2015 - 12:59

Source URL: https://www.atlas-mag.net/en/article/tunis-re-completes-capital-increase

Links:
[1] https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Ftunis-re-completes-capital-increase&text=Tunis+Re+completes+capital+increase
[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Ftunis-re-completes-capital-increase&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/the-digital-era-the-embodiment-of-a-ruthless-economy