Esperance Club is one of three companies waiting for the Tunis Stock Exchange list this year
The Tunis Stock Exchange awaits the inclusion of three companies this year or the beginning of next year, including the Esperance Sports Club, according to Bilal Sahnoun, the general manager of the Stock Exchange. Sahnoun indicated in an interview with “Al -Sharq” on the sidelines of the annual conference of the Arab Capital Federation in Tunisia, that “Esperance” wants to offer 30% of its capital to invest in sports infrastructure, and indicated that there are other proposals that may be the study this year or the start of the next year. The general manager of the stock exchange pointed out that the Tunisian stock market is still small, as the number of listed companies is no more than 74 businesses with a total market value of approximately $ 10 billion, which represents 20% of the domestic product, and the contribution of the stock market to the financing of the economy is no more than 10%. The most important Tunis Stock Exchange index rose 15% last year and 14% since the beginning of the year. Sahnoun has indicated that the market does not have liquidity and diversity, as the financial and banking businesses make up 50% of the total number.