Arab Tunisian Bank SA (BVMT:ATB) announced a private placement of 70,000,000 shares at a price of TND 1 for gross proceeds of TND 70,000,000 on March 4, 2021. Post completion of the transaction, the capital of the company will increase from TND 100,000,000 to TND 170,000,000. The transaction has been approved by the board of directors of the company. The transaction is subject to shareholders approval at its Ordinary General Assembly be held on April 22, 2021. The transaction will be carried out within three years following the holding of the extraordinary general meeting which will approve it.