Tunisian businessman Abdelwaheb Ben Ayed, recognized as one of the country’s wealthiest businessmen, has seen a significant boost in the market value of his investment in Poulina Group, thanks to the group’s recent surge in stock price on the Tunis Stock Exchange.
Over the last 27 days, Ayed’s holdings have increased significantly, totaling TND9.06 million ($2.89 million), owing to the large increase in Poulina’s shares. Ayed’s stake in Poulina rose by $1.73 million between Nov. 24 and Dec. 18 of the prior year.
Poulina Group, a well-known Tunisian conglomerate, has a diverse portfolio that includes real estate, public works, infrastructure, timber, home appliances, and mass consumer products.
Abdelwahab Ben Ayed, a prominent business operator who was instrumental in Poulina Group’s success, owns a beneficial 3.4 percent share in the Tunis-based company. This investment strengthens his status as one of the wealthiest investors on the Tunis Stock Exchange.
Poulina Group’s share price has risen by 21%, from TND7.00 ($2.234) on March 6 to TND8.47 ($2.703). This increase has pushed the company’s market capitalization past $480 million, resulting in considerable returns for shareholders like Ben Ayed.
The market value of Ben Ayed’s interest in Poulina has increased by TND 9 million ($2.87 million) during the last 27 days, rising from TND 42.84 million ($13.69 million) on March 6 to TND 51.84 million ($16.57 million).
The $2.87-million increase in the market value of his investment cements Ben Ayed’s position as one of the wealthiest investors on the Tunis Stock Exchange.