Call for Applications: Minority Shareholder Representative on the Board of Directors of BIAT
The Arab International Bank of Tunisia (BIAT) has announced, through a statement from the Financial Market Council (CMF), the opening of a call for applications for the position of administrator representing minority shareholders for the years 2026, 2027, and 2028.
Eligibility Criteria
This position is intended for shareholders who hold individually up to 0.5% of the bank's capital, as well as institutional shareholders who hold a maximum of 5% of the capital. The appointment will be made through an election at a special assembly exclusively reserved for minority shareholders. The elected candidate will then need to be ratified by the next General Assembly, related to the financial year ended December 31, 2025.
Conditions for Candidates
The BIAT reminds candidates that they must meet several strict conditions, including:
- Being a natural person with full civil rights
- Not exceeding 0.5% participation in the capital
- Not being prohibited from managing or directing companies
- Not being a minor or incapacitated
- Not being convicted of crimes or offenses affecting public morals, public order, or company law
- Public officials can only apply with special authorization from the ministry of supervision
Application Procedure
The application file must be complete and include all required documents, otherwise, it will be automatically eliminated. Candidates must send their application by registered mail, rapid mail, or against discharge to the central office of BIAT, located at 70/72, Avenue Habib Bourguiba, 1080 Tunis, no later than January 19, 2026. The outer envelope, addressed to the Chairman of the Board of Directors of BIAT, must bear the visible mention: "NOT TO BE OPENED - CALL FOR APPLICATIONS FOR THE APPOINTMENT OF A DIRECTOR REPRESENTING MINORITY SHAREHOLDERS ON THE BOARD OF DIRECTORS OF BIAT".
Next Steps
The notice of convocation of the special assembly will be published in the Official Bulletin of the CMF and on the website of the Tunis Stock Exchange at least 21 days before the meeting.
Objective
This initiative aims to strengthen the representation of minority shareholders on the board of directors and ensure more transparent and inclusive governance within the first private bank in Tunisia.
Full Document
For more information, please visit: https://www.cmf.tn/?q=appel-candidatures-pour-la-designation-d%E2%80%99un-administrateur-representant-les-actionnaires
