Arab Tunisian Lease (ATL) Launches Call for Candidates for Minority Shareholder Representative Director

Arab Tunisian Lease (ATL) has initiated the selection process for its next director representing minority shareholders. The three-year mandate will cover the fiscal years 2027, 2028, and 2029. The call for candidates outlines a rigorous framework, specifying both the desired profile and the restrictions regarding connections to the company and its environment.

Eligibility and Scope

The position is exclusively reserved for a representative of minority shareholders. This includes:

Individual shareholders holding a maximum of 0.5% of ATL’s capital.
Institutional investors whose individual stake does not exceed 5%.

This appointment aligns with Tunisian regulations concerning the governance of financial institutions and listed companies.

Candidate Profile Requirements

The role is not intended for a passive shareholder. Candidates must meet the following criteria:

Legal Status: Must be a natural person with full civil and civic rights.
Shareholding: Must personally hold ATL shares, capped at 0.5% of the capital.
Compliance: Must be in good standing regarding tax and social security obligations.
Availability: Must be able to dedicate sufficient time to the mandate.

Professional Experience and Education

Education: A university degree at the Master’s level (or equivalent) or a degree from a Grande École in fields such as finance, accounting, management, economics, business law, risk management, or information systems.
Experience: A minimum of ten years of professional experience in the financial sector.

Independence and Conflict of Interest

Independence is a primary criterion. Candidates must not:

Have been a manager or employee of ATL or any company within its group in the five years preceding their application.
Have family ties with ATL’s managers or employees.
Serve as a service provider, advisor, banker, supplier, or significant client of the company.
Hold concurrent positions as a director or employee of another bank, financial institution, or listed company operating in the same sector.
Be a former member of ATL’s audit team (statutory auditors), as they are excluded for six years.

Judicial and Financial Integrity

The selection process includes a thorough review of candidates’ judicial and financial standing. The following individuals are ineligible:

Those subject to a ban on management.
Those convicted of specific financial offenses.
Those declared bankrupt.
Individuals listed in the Central Bank of Tunisia’s files for disputed claims or bounced checks.

Application Process

Required Documents

Candidates must submit a complete dossier including:

A motivated letter of application.
A signed application form.
A standardized CV.
A sworn declaration.
A valid ID document.
A criminal record extract (less than three months old).
Copies of relevant diplomas.
Proof of ten years of professional experience.
An attestation confirming the holding of ATL shares.

Submission Deadline and Method

Deadline: Friday, October 16, 2026, at 5:00 PM.

Submission Options:

Registered mail with acknowledgment of receipt.
Rapid Poste (express mail service).
Direct drop-off at the company’s reception office (Bureau d’ordre) at Centre Urbain Nord, Tunis, against a receipt.

Selection and Election Procedure

Internal Review: Applications will be examined by an internal committee.
Board Approval: Selected profiles will be submitted to the Board of Directors.
Regulatory Clearance: The Board will transmit the candidates to the Financial Market Council (CMF) and the Central Bank of Tunisia (BCT) for opinion and non-objection.
Elective Assembly: ATL will convene an elective assembly reserved for minority shareholders.

Voting Rules

Quorum: At the first convocation, one-third of the shares held by minority shareholders must be represented. If this quorum is not met, a second assembly may be held without a quorum requirement.
First Round: If no candidate obtains a majority, the top three candidates will advance to a second round.
Second Round: The candidate with the most votes will be elected.
Final Ratification: The elected candidate’s mandate must be ratified by shareholders at the Ordinary General Assembly during the review of the 2026 financial statements.