According to bank provided information, the investment involves the provision of a TFP line of USD 50 million to BIAT.
Banque Internationale Arabe de Tunisie (BIAT) is the largest commercial bank in Tunisia controlling around 15% of assets and 18% of deposits at December 2021. The bank operates through a large network of 206 branches across the country.
BIAT is majority owned by the Mabrouk group since the mid-2000s with a 38.6% stake as of 2022. Other shareholders are Tunisian groups: Milad group (13%), Tamarziste group (9.3%) and Horchani group (7.0%) while floating shares represented 32.1%. BIAT is listed on the Tunis Stock Exchange with a capitalization of EUR 938 million as of September 2022.
*Contact information not provided at the time of disclosure*
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