Tunisian businessman Moncef Sellami's stake in OneTech surges by $10.8 million

Feyisayo Ajayi -

Key Point

  • Tunisian businessman Moncef Sellami sees stake in semiconductor supplier, OneTech, surge by $10.78 million amid rising share prices on the Tunis Stock Exchange.
  • OneTech’s market cap climbs 21.61% in 57 days, now nearing $240 million, driven by robust performance in automotive and industrial sectors.
  • Investors in OneTech Group have seen a 10.2% year-to-date return, highlighting the company’s strong performance in 2024.

Tunisian businessman and political figure Moncef Sellami has experienced a significant increase in the market value of his stake in semiconductor supplier OneTech Group, thanks to a surge in the company’s share price on the Tunis Stock Exchange.

According to market data, the value of Sellami’s stake in OneTech Group has risen by TND33.36 million ($10.78 million) over the past 57 days, driven by heightened investor interest in the shares of the Tunis-based semiconductor supplier.

This increase follows a previous setback of $3.5 million between April 22 and May 14, when his stake fell from TND167.2 million ($53.6 million) to TND156.4 million ($50.13 million).

OneTech’s market performance

OneTech 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.

Over the past 57 days, its shares on the Tunis Stock Exchange have increased by 21.61 percent, from TND7.59 ($2.45) on May 22 to TND9.23 ($2.98). This rise has propelled the company’s market capitalization closer to $240 million, resulting in significant gains for shareholders.

Moncef Sellami’s stake gains $10.78 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.

As a result of the recent surge in the group share price, Moncef Sellami’s stake in OneTech has increased by TND33.36 million ($10.78 million) in the last 57 days, rising from TND154.39 million ($49.91 million) on May 22 to TND187.75 million ($60.69 million).

Your Money and Your Life

OneTech has been a standout performer in the Tunisian market, delivering a 10.2 percent year-to-date return to its investors. A $100,000 investment in OneTech at the beginning of the year would now be valued at $110,201, representing a gain of $10,201.