L'Accumulateur Tunisien ASSAD Announces Amnesty Agreement
Reduction of Customs Infraction Fine
L'Accumulateur Tunisien ASSAD has announced that it has accepted an amnesty offer regarding a customs infraction, as stated in the notes to the 2024 financial statements, paragraph VIII. This infraction was documented in a report dated October 9, 2023.
Background on the Case
The company had been sentenced in absentia on July 9, 2025, by the Court of First Instance of Kasserine, to a fine of 49,898,835 dinars in connection with this customs case. This decision had a significant impact on the company's legal and financial situation, raising questions about its potential effect on the company's treasury and prospects.
Amnesty Agreement Details
Thanks to the amnesty agreement, the fine has been reduced to 2,851,400 dinars, payable in 20 quarterly installments of 142,570 dinars. ASSAD has specified that it has already paid the first two installments.
