Tunis Stock Exchange Confirms Attractiveness to Investors
The Tunis Stock Exchange has confirmed its attractiveness to investors seeking returns. In 2024, dividends distributed by listed companies increased by 13.4%, marking a third consecutive year of growth and surpassing the growth of individual profits (+12.3%).
Global Dividend Record
According to the Tunis Stock Exchange, global dividends reached a record level of $1,750 billion in 2024, up 6.6% from the previous year.
Continuous Progress Over Three Years
Between 2022 and 2024, the total amount of dividends distributed increased from 1,259 million dinars (Mtnd) to 1,580 Mtnd, representing a cumulative growth of 25.4% over the period. Despite a decrease in the total number of listed companies due to several delistings, the number of dividend-paying companies remained stable at 49 in 2024. As a result, the proportion of companies paying dividends increased from 60% to 66%.
Two Key Sectors
Dividend distribution remains heavily concentrated around two main sectors:
- Financial companies, which account for more than 61% of the total distributed amounts.
- Consumer goods, with 25% of distributions in 2024, mainly driven by the Société de Fabrication des Boissons de Tunisie (SFBT). These two sectors are the true drivers of stock market returns in Tunisia.
Ultra-Dominant "Top Five"
The concentration is also evident at the company level. The top five contributors account for 55.6% of the dividends distributed on the market, a ranking that has remained unchanged for three years. This group includes:
- Four banking establishments: BIAT, Attijari Bank, Amen Bank, and Banque de Tunisie.
- A major industrial player: SFBT. In 2024, BIAT maintained its first place with a 15% market share in terms of distributed dividends.
