Arab Tunisian Bank (ATB) Announces Plan to Increase Share Capital
The Arab Tunisian Bank (ATB) has announced that its Board of Directors, which met on October 9, 2025, has decided to convene an Extraordinary General Assembly on November 28, 2025, to discuss a proposal to increase the bank's share capital from 128 to 150 million Tunisian dinars (MTND).
Details of the Capital Increase
The increase will be achieved through the issuance of 22 million investment certificates, reserved for the reference shareholder, Arab Bank. The issuance will be made at a price of 3.5 TND per certificate, consisting of 1 TND nominal value and 2.5 TND issuance premium. The investment certificates will be entitled to dividends from January 1, 2026.
Accompanying Measures
The issuance of investment certificates will be accompanied by the issuance of 22 million voting right certificates, which will be distributed among ATB shareholders at the time of issuance, in proportion to their shares in the capital.
Key Provisions
It is worth noting that:
- In the event of a free distribution of shares, new certificates must be created and given free of charge to the owners of the new shares, allocated to the owners of the old shares.
- In the event of a capital increase in cash, new investment certificates and voting right certificates will be issued in such a way that the proportion that existed before the increase between ordinary shares and voting right certificates is maintained, considering that it will be entirely realized.
- In the event of a reduction in capital, the rules provided for shares are applicable to investment certificates.
Expected Outcome
The operation will allow the injection of 77 MTND into the bank's equity, covering the reported negative results of -65,427 MTND. Arab Bank thus confirms its commitment to its Tunisian subsidiary and its confidence in its development prospects. The stock is expected to react positively to this news.
