Tunisian Government to Sell Stake in Banque Zitouna

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Government, Al Karama Holding and Portfolio Invest Company to sell 69.15% stake in Banque Zitouna, and 70% stake in Zitouna Takaful, Al Karama Holding CEO Adel Grar says in an interview in Tunis.

* Pre-qualified candidates will be chosen by June 11;
* NOTE: Banque Zitouna offers Islamic banking services and has 114 branches across Tunisia; Zitouna Takaful is the first insurance company in Tunisia operating on the takaful model. Source: Bloomberg

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