Tunisia: Biggest insurer doubles its share capital to over US$17m

Source: Middle East Insurance Review | Feb 2026

The Tunisian Insurance and Reinsurance Company (Star Assurances) has announced two major decisions concerning its share capital which would be implemented soon.

The first operation consists of reducing the nominal value of each share from TND5 ($1.71) from TND10. This operation doubles the existing number of shares from 2.3m to 4.6m, without changing the amount of share capital, which remains at around TND23m.

The second operation involves a capital increase through the capitalisation of reserves amounting to TND27m, drawn from retained earnings. This increase raises the share capital from TND23m to TND50m ($17.1m), divided into 10m shares with a par value of TND5 each.

The operation results in the issuance of 5.4m new free shares allocated to existing shareholders and assignees of allocation rights in a proportion of seven new shares for six old shares. The new bonus shares are entitled to dividends with effect from 1 January 2026. M

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