Tunisian tycoon Habib Essayeh suffers $2-million loss from Euro-Cycles stake
Essayeh, a leading businessman and executive who serves as the CEO of Euro-Cycles, owns a sizeable 33.6-percent stake in the Tunis-based firm.
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Essayeh, a leading businessman and executive who serves as the CEO of Euro-Cycles, owns a sizeable 33.6-percent stake in the Tunis-based firm.
OneTech’s remarkable growth over the years owes much to the vision of its founder, who established the firm in 1978.
Mzabi owns a 24.8-percent stake in ARTES, translating into 9,370,387 ordinary shares.
This recent surge firmly establishes Tamarziste’s position as one of Tunisia’s richest businessmen.
Essayeh owns a sizeable 33.6-percent stake in Euro-Cycles.
Despite the recent slump in the market value of his stake, Tamarziste remains one of the country’s richest businessmen.
Essayeh owns a 33.6-percent stake in Euro-Cycles, a Tunisian automotive company specializing in the production of customized bicycles and cycles exclusively for export.
Ben Ayed owns a beneficial 3.4-percent stake in the Tunis-based conglomerate, making him one of the richest investors on the Tunis Stock Exchange.
Despite the recent $5.44-million decline, the Ben Yedder family continues to stand as one of Tunisia’s most affluent families.
His company ARTES is a leading player in the automotive industry in Tunisia and North Africa.
Tamarziste owns a significant 12.9-percent take in the leading lender, totaling 2,588,159 shares.
Tunisian businessmen have accumulated significant wealth over the years from key companies central to the local economy.