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COTUNACE: no dividend distribution in 2019

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Magazine Issue: 
Aviation insurance in turmoil [3]
Magazine date: 
Jun 2020

’Assurance du Commerce Extérieur (COTUNACE)The Annual General Assembly of the Compagnie Tunisienne pour l'Assurance du Commerce Extérieur (COTUNACE) is to be held on 1 July 2020 at Novotel Hotel Tunis.

The Board of Directors will propose to the assembly not to distribute dividends for the year 2019. This decision was taken following the 20.6% decrease in the insurer's net income in 2019.

The latter dropped from 6.3 million TND (2.09 million USD) in 2018 to 5 million TND (1.78 million USD) at the end of 2019.

Read also | Tunisian insurance market [4]

Mon, 22/06/2020 - 11:52

Source URL: https://www.atlas-mag.net/en/article/cotunace-no-dividend-distribution-in-2019

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[3] https://www.atlas-mag.net/en/issue/turbulence-in-aviation-insurance
[4] https://www.atlas-mag.net/en/article/tunisian-insurance-market-companies-ranking-per-turnover