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Home STUSID BANK Introduction of STUSID BANK

STUSID BANK (Société Tuniso-Saoudienne d’Investissement et de Développement STUSID) [Tunisian-Saudi Investment and Development Company] was established on 30th May 1981 by virtue of an agreement entered into by and between the Government of the Republic of Tunisia and the Government of the Kingdom of Saudi Arabia. The entity has a capital of 100 millions of Diners equitably distributed between both Governments.

Following the reform operated by Law No.05 – 2001 dated 10th July 2001 relating to credit institutions, the entity has been transformed in 2005 into a global bank thereby marking a new era in its history.

Whether you are an Enterprise, a Private or a Professional, STUSID BANK puts at your disposal a wide bracket of products and services in order to meet to the best your need and materialize your future ideas.

Following 25 years spent at the service of economic and social development for Tunisia, STUSID (Société Tuniso-Saoudienne d’Investissement et de Développement – STUSID) [Tunisian-Saudi Investment and Development Company] converted itself in 2005 into a global.

Such conversion will mark a new era in the Bank’s history with the ambition of carrying on contributing to the promotion of the Tunisian economy and being an active stakeholder to rise the quality of banking services.


INTRODUCTION OF STUSID BANK

STUSID BANK (former Société Tuniso-Saoudienne d’Investissement et de Développement STUSID) [Tunisian-Saudi Investment and Development Company] was established on 30th May 1981 by virtue of an agreement entered into by and between the Government of the Republic of Tunisia and the Government of the Kingdom of Saudi Arabia. The entity has a capital of 10 millions of Diners, equitably distributed between both Governments.

Since its establishment, STUSID BANK has fully ensured its role as a development institution by committing itself in particular in the promotion and the implementation of large scale, innovative and structuring projects, thereby contributing to energizing the regional development zones and / or re-launching a whole sector within the national economy.

In this contest, STUSID BANK has financed a number of projects allowing the development of desert tourism sector, animal breeding and dairy transformation industry (SMADEA & LAINO) and those which have made a good illustration of its mission. It is also noteworthy to mention the project « Montazah Tabarka » which has been a development mainspring for TABARKA region through tourist and urban development of the city, and the project “Sfax El Jadida” which has contributed to the full architectural transformation of Sfax city.

The year 2005 had to mark a new challenge for the institution by its conversion into a global bank.

Then, by offering to its customer base new trades of a global bank, STUSID BANK translates its will not only by capitalizing its achievements which it had built over the past 25 years at the service of the Country’s economic development but also by strengthening its ties with its customers, by more meeting their needs to the best and materialize their future needs and providing them a substantially more fruitful guidance whether the matter refers to individuals, professionals, enterprises or institutions, STUSID BANK focuses its efforts on offering a range of products meeting the needs of its customers, thereby opening the way to them to materialize their future ideas.

 


STUSID BANK GROUP

STUSID BANK GROUP is composed of a number of companies operating in various sectors: financial, agricultural, industrial and services. Hereunder is the list of main affiliates and control percentage as of 31/12/2007:

Financial Sector:

Corporate Name Control Percentage
Société Tuniso-Saoudienne de Recouvrement (TSR) [Tunisian-Saudi Debt Recovery Company] 99.99%
Société Tuniso-Saoudienne de Participation et de Placement (TSPP) [Tunisian-Saudi Shareholding and Placement Compagny] 99.99%
Société Tuniso-Saoudienne de Participation et d’Investissement (TSPP) [Tunisian-Saudi Shareholding and Investment Company] 99.99%
Société Tuniso-Saoudienne d’Intermédiation (TSI) [Tunisian-Saudi Intermediation Company] 30.00%

Estate Sector

Corporate Name Control Percentage
Société de Développement Touristique et d’Aménagement Touristique de Tabarka (Montazah) [Tabarka Region Tourist Development and Re-Development Company] 52.55%
Société Immobilière Tuniso-Saoudienne (SITS) [Tunisian-Saudi Estate Development Compagny] 31.9%
Société d’Aménagement de Sfax El-Jedida (SAESJ) [Sfax El-Jedida City Development Company] 52.5%

Agricultural Sector

Corporate Name Control Percentage
Société de Mise en Valeur du Domaine Agricole « Lakhmes » (SMVDA « Lakhmes ») [« Lakhmes » Agricultural Domain Reclamation Company] 20.52%
Société de Mise en Valeur du Domaine Agricole « Sidi Saad » (SMVDA « Sidi Saad ») [« Sidi Saad » Agricultural Domain Reclamation Company] 39.13%
Société FLORALIA [FLORALIA Company] 49.58


Industrial & Trading Sector

Corporate Name
Control Percentage
Société « Al-Kanouet » [« Al-Kanouet “ Company] 28.56%
Société Industrielle de Textiles (SITEX) [Textile Industrial Company] 30.8%
Tuniso-Saoudienne de Trading (SITEX) [Tunisian-Saoudi Trading Company] 39.9%



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