On June 24, 2025, the Board of Directors of the Tunis Stock Exchange gave its green light for the listing of BNA Assurances on the main market. The upcoming IPO will cover 87,391,790 existing shares, each with a nominal value of 1 Tunisian dinar, and will proceed via direct listing, without a capital increase. The operation will be led by BNA Capitaux, acting as the introducing broker.
As always, the listing will only become official once the offering prospectus is approved by the Tunisian regulator (CMF).
A New Chapter for BNA Assurances
This move marks a major milestone for BNA Assurances, formerly known as AMI Assurances, which was founded in 2003. The company was rebranded in 2024 following an increase in ownership by BNA Bank, which now holds a 50.5% stake.
The insurer currently operates a nationwide network of around 120 branches, giving it strong commercial reach and a solid position in the Tunisian insurance market.
The next key steps will be the approval of the prospectus by the CMF and the official listing notice, which will set the actual trading date. In the meantime, BNA Capitaux and the Tunis Stock Exchange are expected to ramp up investor outreach, including roadshows and information sessions.
