BNA Assurances to Debut on Tunis Stock Exchange Main Market
TLDR
- BNA Assurances will join the main market of the Tunis Stock Exchange (BVMT) on August 14, 2025, with a listing price set at TND 3.480 ($1.19)
- The price reflects the weighted average of off-market trades executed between August 6 and 12, 2025
- he main-market listing aims to improve the stock’s visibility, liquidity, and accessibility, and could draw attention to Tunisia’s underrepresented insurance sector
BNA Assurances will join the main market of the Tunis Stock Exchange (BVMT) on August 14, 2025, with a listing price set at TND 3.480 ($1.19). The price reflects the weighted average of off-market trades executed between August 6 and 12, 2025.
The move completes the company’s transition from the over-the-counter segment to Compartment A via a direct listing of its 87,391,790 existing shares, each with a nominal value of 1 dinar. Shares will trade under the ticker BNASS and ISIN TN0007680010, in Group 12 (Fixing), with a single fixing at noon, followed by trading at the last quoted price until 12:15 p.m. For the first two sessions, price fluctuations will be limited to ±30% around the reference price.
A subsidiary of Banque Nationale Agricole, BNA Assurances is active in life, auto, and corporate risk insurance, leveraging BNA’s branch network. The main-market listing aims to improve the stock’s visibility, liquidity, and accessibility, and could draw attention to Tunisia’s underrepresented insurance sector.
The Tunis Stock Exchange has also granted preliminary approval for the listing of Taraji Holding, the commercial arm of Espérance Sportive de Tunis, which would be the first sports-related IPO in Tunisia. Together, these moves signal growing sector diversity and renewed momentum in Tunisia’s capital markets in the second half of 2025.
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Key Takeaways
BNA Assurances’ upgrade to the main market is expected to increase investor access, broaden sector representation, and contribute to market capitalization growth. The company’s established distribution channels and its role in a key financial sector give it potential to attract both institutional and retail interest. The parallel development of a prospective Taraji Holding IPO reflects a broader effort by BVMT to diversify listings beyond traditional sectors. If both listings gain traction, they could support a deeper, more dynamic equity market in Tunisia, appealing to a wider investor base domestically and internationally.
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