Tunisian businessman and political figure Moncef Sellami has experienced a surge in the market value of his stake in semiconductor supplier, OneTech Group. The recent surge in his stake is attributed to the upswing in the company’s shares on the Tunis Stock Exchange.
According to data tracked by Billionaires.Africa, the market value of Sellami’s stake in One Tech Group has risen by TND8.17 million ($2.62 million) over the past 14 days, as investors continue to increase their stakes in the Tunis-based semiconductor supplier.
OneTech’s shares rise five percent, market cap surpasses $215 million
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.
In the past 14 days, the company’s share price on the Tunis Stock Exchange has increased by more than five percent, rising from TND8 ($2.565) on Jan. 17 to TND8.4 ($2.694) at the time of writing this report, thus elevating its market capitalization above $215 million.
Sellami’s investment in OneTech soars, reaching $55 million
OneTech’s remarkable growth over the years owes much to the vision of Sellami, its founder, who established the firm in 1978. Presently, he retains a significant 25.4-percent stake in the Tunis-based semiconductor supplier.
The recent surge in OneTech shares has lifted Sellami’s stake by TND8.17 million ($2.62 million) in the last 14 days. The market value of his shares in the Tunis-based company rose from TND163.37 million ($52.39 million) to TND171.54 million ($55 million).
This substantial surge has established Sellami as one of the most affluent investors on the local stock exchange and as one of the wealthiest individuals in the nation.