x Abu Dhabi, UAETuesday 25 July 2017

Tunisia gives Shuaa Capital all clear on brokerage accounts

On The Wires: Shuaa Capital says Tunisia has lifted a freeze on brokerage accounts

Shuaa Capital, the country's largest investment bank, said the Tunisian Financial Market Council has lifted the freeze on its brokerage accounts.

The regulator ordered 123 brokerage firms to suspend securities trading, including Shuaa Capital, until it could confirm that there were no connections with individuals who are currently under investigation by the authorities in Tunisia, Shuaa said in an e-mailed statement today.

"Based on documents provided by SHUAA Capital, the Tunisian Financial Market Council stated that all securities held by Shuaa Capital in Tunisia are fully owned by the firm and not by any individuals who are currently under investigation by the authorities in Tunisia," it said.

Bloomberg News