Tunisian businessman Abdelwaheb Ben Ayed, renowned as one of the country’s wealthiest businessmen, has seen the market value of his stake in Poulina Group surge significantly in recent times, driven by the recent rise in the shares of the group on the Tunis Stock Exchange.
Over the past 18 days, Ben Ayed’s 3.4-percent stake in Poulina Group has increased in value by TND5.34 million ($1.73 million) — as investors on the local bourse increase their stake in the Tunis-based conglomerate.
Poulina shares surge by 11.63%, returning impressive gains to shareholders
Poulina Group is a well-established Tunisian conglomerate with diverse interests ranging from real estate and public works to infrastructure, wood, home appliances, and mass consumer products.
The recent surge in the group’s shares on the Tunis Stock Exchange, reflecting an 11.63 percent increase, has proven to be beneficial for the company’s shareholders, including Ben Ayed. The group’s shares have surged from TND6.88 ($2.222) on Nov. 24 to TND7.68 ($2.48) at the time of writing, contributing to a significant surge in the market value of Ben Ayed’s stake.
Abdelwaheb Ben Ayed’s stake in Poulina soars above $16 million
As a leading business executive who played a pivotal role in the expansion of Poulina Group, Ben Ayed owns a beneficial 3.4-percent stake in the Tunis-based conglomerate–solidifying his position as one of the richest investors on the Tunis Stock Exchange.
The market value of Ben Ayed’s stake in Poulina has increased by TND5.34 million ($1.73 million) over the past 18 days —soaring from TND45.95 million ($14.84 million) on Nov. 24 to TND51.29 million ($16.57 million) at the time of reporting.
The $1.73-million surge in the market value of the stake held by the Tunisian businessman has solidified his position as one of the wealthiest investors on the Tunis Stock Exchange.