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Princesse El Materi Holdings
Princesse El Materi Holding was a company created by the Tunisian businessman Sakher El Materi, the son-in-law of Zine El Abidine Ben Ali, who was President of Tunisia until 2011. Princesse El Materi Holdings used nepotism and improper money to acquire illegitimate businesses. Under Ben Ali's rule, the company become one of the largest conglomerates in Tunisia. It actively held companies in six different industry sectors, including News and Media, Banking and Financial Services, Automotive, Shipping and Cruises, Real Estate and Agriculture. On November 22, 2010, the group also diversified into the Telecommunication industry. History Princesse El Materi Holding’s first acquisition was the company Ennakl, the importer of Volkswagen to Tunisia, for a reputed 22 million dinars. Shortly after, he started an all-round modernization of the company with an aggressive marketing campaign and heavy investment. The car dealership, which was previously in very poor condition, has since become ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sakher El Materi
Sakher El Materi (Mohamed Sakhr El Materi, ar, محمد صخر الماطري, born 2 December 1981) is a Tunisian businessman. He is the son-in-law of Zine El Abidine Ben Ali, who was President of Tunisia until 2011. In 2010 (prior to the Tunisian revolution), Materi's company Princesse El-Materi Holdings was operating in six industry sectors: News and Media, Banking and Financial Services, Automotive, Shipping and Cruises, Real Estate and Agriculture. A member of the ruling Constitutional Democratic Rally, he was elected as a Member of the Chamber of Deputies of Tunisia for the constituency of Tunis on 25 October 2009. He was struck off by the party after the 2011 Tunisian Revolution. After the revolution El Materi fled the country and went to the Seychelles. Biography El Materi was born on 2 December 1981 in Tunis into a family of Turkish origin. In 1973, his father, Moncef El Materi, founded El Adwya one of Tunisia's largest private pharmaceutical companies. El Materi's un ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zine El Abidine Ben Ali
Zine El Abidine Ben Ali ( ar, زين العابدين بن علي, translit=Zayn al-'Ābidīn bin 'Alī; 3 September 1936 – 19 September 2019), commonly known as Ben Ali ( ar, بن علي) or Ezzine ( ar, الزين), was a Tunisian politician who served as the 2nd president of Tunisia from 1987 to 2011. In that year, during the Tunisian revolution, he fled to Saudi Arabia. Ben Ali was appointed Prime Minister in October 1987. He assumed the Presidency on 7 November 1987 in a bloodless coup d'état that ousted President Habib Bourguiba by declaring him incompetent. Ben Ali was subsequently reelected with enormous majorities, each time exceeding 90% of the vote; his final re-election coming on 25 October 2009. Ben Ali was the penultimate surviving leader deposed in the Arab Spring who was survived by Egypt's Hosni Mubarak, the latter dying in February 2020. On 14 January 2011, following a month of protests against his rule, he fled to Saudi Arabia along with his wife Leïla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nepotism
Nepotism is an advantage, privilege, or position that is granted to relatives and friends in an occupation or field. These fields may include but are not limited to, business, politics, academia, entertainment, sports, fitness, religion, and other activities. The term originated with the assignment of nephews to important positions by Catholic popes and bishops. Nepotism has been criticized since the ancient times by several philosophers, including Aristotle, Valluvar, and Confucius, condemning it as both evil and unwise. Origins The term comes from Italian word ''nepotismo'',"Nepotism." Dictionary.com. Retrieved 20 June 2013. which is based on Latin root ''nepos'' meaning nephew. Since the an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conglomerate (company)
A conglomerate () is a multi-industry company – i.e., a combination of multiple business entities operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries. Conglomerates are often large and multinational. United States The conglomerate fad of the 1960s During the 1960s, the United States was caught up in a "conglomerate fad" which turned out to be a form of speculative mania. Due to a combination of low interest rates and a repeating bear-bull market, conglomerates were able to buy smaller companies in leveraged buyouts (sometimes at temporarily deflated values). Famous examples from the 1960s include Ling-Temco-Vought,. ITT Corporation, Litton Industries, Textron, and Teledyne. The trick was to look for acquisition targets with solid earnings and much lower price–earnings ratios than the acquirer. The conglomerate would make a tender offer to the target's shareholders at a princely premium to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tunisia
) , image_map = Tunisia location (orthographic projection).svg , map_caption = Location of Tunisia in northern Africa , image_map2 = , capital = Tunis , largest_city = capital , coordinates = , official_languages = Arabic Translation by the University of Bern: "Tunisia is a free State, independent and sovereign; its religion is the Islam, its language is Arabic, and its form is the Republic." , religion = , languages_type = Spoken languages , languages = Minority Dialects : Jerba Berber (Chelha) Matmata Berber Judeo-Tunisian Arabic (UNESCO CR) , languages2_type = Foreign languages , languages2 = , ethnic_groups = * 98% Arab * 2% Other , demonym = Tunisian , government_type = Unitary presidential republic , leader_title1 = President , leader_name1 = Kais Saied , leader_ti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Audi
Audi AG () is a German automotive manufacturer of luxury vehicles headquartered in Ingolstadt, Bavaria, Germany. As a subsidiary of its parent company, the Volkswagen Group, Audi produces vehicles in nine production facilities worldwide. The origins of the company are complex, going back to the early 20th century and the initial enterprises ( Horch and the ''Audiwerke'') founded by engineer August Horch (1868–1951); and two other manufacturers ( DKW and Wanderer), leading to the foundation of Auto Union in 1932. The modern Audi era began in the 1960s, when Auto Union was acquired by Volkswagen from Daimler-Benz. After relaunching the Audi brand with the 1965 introduction of the Audi F103 series, Volkswagen merged Auto Union with NSU Motorenwerke in 1969, thus creating the present-day form of the company. The company name is based on the Latin translation of the surname of the founder, August Horch. , meaning "listen", becomes in Latin. The four rings of the Audi lo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Porsche
Dr. Ing. h.c. F. Porsche AG, usually shortened to Porsche (; see #Pronunciation, below), is a German automobile manufacturer specializing in high-performance sports cars, SUVs and sedans, headquartered in Stuttgart, Baden-Württemberg, Germany. The company is owned by Volkswagen Group, Volkswagen AG, a controlling stake of which is owned by Porsche Automobil Holding SE. Porsche's current lineup includes the Porsche Boxster/Cayman, 718 Boxster/Cayman, Porsche 992, 911 (992), Porsche Panamera, Panamera, Porsche Macan, Macan, Porsche Cayenne, Cayenne and Porsche Taycan, Taycan. History Origin Ferdinand Porsche (1875–1951) founded the company called "Dr. Ing. h. c. F. Porsche Gesellschaft mit beschränkter Haftung, GmbH" with Adolf Rosenberger and Anton Piëch in 1931. The main offices was at Kronenstraße 24 in the centre of Stuttgart. Initially, the company offered motor vehicle development work and consulting, but did not build any cars under its own name. One of the first as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SEAT
A seat is a place to sit. The term may encompass additional features, such as back, armrest, head restraint but also headquarters in a wider sense. Types of seat The following are examples of different kinds of seat: * Armchair (furniture), Armchair, a chair equipped with armrests * Airline seat, for passengers in an aircraft * Bar stool, a high stool used in bars and many houses * Bench (furniture), Bench, a long hard seat * Bicycle seat, a saddle on a bicycle * Car seat, a seat in an automobile * Cathedra, a seat for a bishop located in a cathedral * Chair, a seat with a back * Chaise longue, a soft chair with leg support * Couch, a long soft seat * Ejection seat, rescue seat in an aircraft * Folding seat * Hard seat * Infant car seat, for a small child in a car * Jump seat, auxiliary seat in a vehicle * Pew, a Bench (furniture), long seat in a church, synagogue, or courtroom * Saddle, a type of seat used on the backs of animals, bicycles, lap etc. * Sliding seat, in a row ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kia Motors
Kia Corporation, commonly known as Kia (, ; formerly known as Kyungsung Precision Industry and Kia Motors Corporation), is a South Korean multinational automobile manufacturer headquartered in Seoul, South Korea. It is South Korea's second largest automobile manufacturer, after its parent company, Hyundai Motor Company, with sales of over 2.8 million vehicles in 2019. the Kia Corporation is minority owned by Hyundai, which holds a 33.88% stake valued at just over US$6 billion. Kia in turn is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% up to 45.37%, totaling more than US$8.3 billion. Etymology According to the company, the name "Kia" derives from the Sino-Korean characters (, 'to arise') and (, which stands for 亞細亞, meaning 'Asia'); it is roughly translated as "Rising from (East) Asia." History Origins and early expansion Kia was founded on June 9, 1944, as Kyungsung Precision Industry, a manufacturer of steel tubi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banque Zitouna
Banque Zitouna is the first Islamic bank in Tunisia ) , image_map = Tunisia location (orthographic projection).svg , map_caption = Location of Tunisia in northern Africa , image_map2 = , capital = Tunis , largest_city = capital , ... and the Maghreb region (North Africa) with the capital of $30 million, aiming at developing Islamic loan and saving products for businesses and individuals. Banque Zitouna was established in 2009 by the Tunisian businessman, Mohamed Sakher El Materi, Chairman of Princesse El Materi Holdings. The Islamic Bank of Zitouna plans to grow by 20 branches per year and hopes to expand from Tunisia into neighbouring countries." - CIBAFI References External links Banque Zitouna (official homepage) {{DEFAULTSORT:Zitouna 2009 establishments in Tunisia Banks of Tunisia Banks established in 2009 Islamic banks Organisations based in Tunis Economy of Tunis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zitouna Bank
Banque Zitouna is the first Islamic bank in Tunisia and the Maghreb region (North Africa) with the capital of $30 million, aiming at developing Islamic loan and saving products for businesses and individuals. Banque Zitouna was established in 2009 by the Tunisian businessman, Mohamed Sakher El Materi, Chairman of Princesse El Materi Holdings Princesse El Materi Holding was a company created by the Tunisian businessman Sakher El Materi, the son-in-law of Zine El Abidine Ben Ali, who was President of Tunisia until 2011. Princesse El Materi Holdings used nepotism and improper money to acqu .... The Islamic Bank of Zitouna plans to grow by 20 branches per year and hopes to expand from Tunisia into neighbouring countries." - CIBAFI References External links Banque Zitouna (official homepage) {{DEFAULTSORT:Zitouna 2009 establishments in Tunisia Banks of Tunisia Banks established in 2009 Islamic banks Organisations based in Tunis Economy of Tunis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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