Tunisia Aquaculture Fund Publishes 2023 Financial Statements
The Tunisia Aquaculture Fund, a high-risk common investment fund, has published its financial statements for the 2023 fiscal year. Created in 2017 by Sages Capital and STB, the fund aims to support companies and promoters seeking to create or develop projects in the aquaculture sector, both upstream and downstream. The fund's investment tickets do not surpass 15% of its assets.
As of the end of 2023, the fund had invested 11,105 MTND in the securities of six companies and 1,100 MTND in the bonds of two of them. The exercise's revenue totaled 0.499 MTND, comprising dividends received on Sicav shares, bond revenue of 0.219 MTND, and monetary investment revenue of 0. This covered the entirety of management fees (0.445 MTND), resulting in an operating surplus of 0.037 MTND. Integrating the latent gains/losses on securities (0.928 MTND), the net result of the exercise stood at 1.023 MTND.
The sector is highly promising, and the fund is likely to achieve profitable exits. Local and export demand for aquaculture products is strong, and it has become common to see products from such companies in all fresh food sections of large retailers. Such funds are exactly what companies really need for these activities.
