Tunisian tycoon Mehdi Tamarziste suffers $2-million loss in just 3 weeks
Tamarziste owns a 12.9-percent stake in Union for Commerce and Industry (UBCI) through his business entity, Tamarziste Group.
Tamarziste owns a 12.9-percent stake in Union for Commerce and Industry (UBCI) through his business entity, Tamarziste Group.
This recent surge firmly establishes Tamarziste’s position as one of Tunisia’s richest businessmen.
Despite the recent slump in the market value of his stake, Tamarziste remains one of the country’s richest businessmen.
The market value of his stake in the group places him among the richest investors on the Tunis Stock Exchange.
Tamarziste owns a significant 12.9-percent take in the leading lender, totaling 2,588,159 shares.
UBCI is a leading Tunisian commercial bank and an operating subsidiary of BNP Paribas.
UBCI is a commercial bank based in Tunis, Tunisia’s capital. It operates as a subsidiary of BNP Paribas.
The multimillion-dollar loss in his stake was triggered by investor profit-taking actions.