SITEX Placed in Judicial Settlement
The Court of First Instance of Monastir pronounced this decision on March 2, 2026, opening a recovery procedure for the Industrial Textile Company, based in Ksar Hellal. The company has been facing financial difficulties for several months.
Company Overview
SITEX is a public limited company with a capital of 23 million dinars and is one of the historical players in the Tunisian textile industry.
Judicial Administrator Appointed
The court appointed Master Chiraz Tebra as judicial administrator to assist the management in managing the day-to-day activities and to contribute to the development of a solid recovery plan. The objective is to continue the activity, save jobs, and eliminate debts.
Reassurance to Partners
SITEX published a statement today on the website of the Financial Market Council (CMF), promising total cooperation with the judicial authorities and committing to regularly inform the public of progress. Learn more about who will invest in SITEX
