Tunisian multimillionaire businessman and politician Moncef Sellami has experienced a remarkable surge in his fortune this year, with a year-to-date gain of more than $10 million thanks to his stake in the semiconductor supplier, OneTech Group.
According to data tracked by Billionaires.Africa the market value of Sellami’s stake in the Tunisia-based industrial player has surged by $10.23 million since the start of the year, a reflection of the persistent upward trajectory of OneTech’s shares in recent times.
OneTech Group, a global player in the industrial sphere, boasts a distinguished presence in the automotive, energy, and industrial sectors.
With more than four decades of specialized proficiency in cable, mechatronics, and ICT, the company has flourished into a leading international entity in the printed circuit board business.
OneTech’s remarkable growth over the years owes much to the vision of its founder, Sellami, who established the firm in 1978. Presently, he retains a significant 25.4-percent stake in the Tunis-based semiconductor supplier.
Since the start of the year, the company’s share price on the Tunis Stock Exchange has experienced a remarkable surge of 22.27 percent, soaring from TND7.05 ($2.251) on Jan. 1 to TND8.62 ($2.749) at the time of writing this report.
This has returned a year-to-date boost of TND32.06 million ($10.23 million) to Sellami, with his stake in OneTech increasing from TND143.97 million ($45.92 million) to TND176.03 million ($56.14 million).
This substantial increase has solidified Sellami’s position as one of the richest investors on the local bourse and also as one of the richest men in the country.