Biography Of Mehdi Tamarziste (Age , Wife , Net Worth) - His position in Tunis-based financial services company Union Bancaire pour le Commerce et l’Industrie (UBCI) has increased in value in recent weeks, as shares in the firm soared on fresh purchasing interest after losing prior gains this year.
Tamarziste’s stake in UBCI has increased in value by TND5.15 million ($1.6 million) in four weeks, according to data tracked by Billionaires.Africa, due to a single-digit surge in the financial services provider’s shares as investors and traders on the Tunis Stock Exchange continue to increase their stakes in companies with strong fundamentals.
UBCI is a significant commercial bank with 103 branches and 112 ATMs in Tunisia’s economic hub. The bank is a part of BNP Paribas, a French worldwide banking organization with the highest assets in Europe and the seventh-largest in the world.
Tamarziste, a well-known Tunisian billionaire who sits on the bank’s board of directors, holds a sizable 12.9 percent interest in the institution, totalling 2,588,159 shares. His participation in the banking group’s market value positions him not only among the wealthiest investors on the Tunis Stock Exchange, but also among the country’s richest men.
Shares of the Tunisian financial services provider were trading on the Tunis Stock Exchange for TND21.99 ($6.89) per share as of press time on July 8, unchanged from its starting price this morning, as investors continue to re-evaluate economic and financial data.
The bank’s shares have recently grown from TND20 ($6.26) a share on June 20 to TND21.99 ($6.89) at the time of writing this report, signifying a 9.95-percent gain for shareholders over the previous 28 days.
Because of the single-digit percent gain in UBCI’s shares, Tamarziste’s market value in the banking group has climbed from TND51.76 million ($16.21 million) on June 20 to TND56.91 million ($17.82 million) at the time of writing this report.
In the last 28 days, the Tunisian businessman has earned TND5.15 million ($1.6 million).
This puts him ahead of other Tunisian entrepreneurs and investors like Habib Kamoun, Habib Essayeh, and Moncef Mzabi.
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