National Commission of Management of Assets and Funds Subject to Confiscation sells 60 seized properties | Tunisia News Gazette

National Commission of Management of Assets and Funds Subject to Confiscation sells 60 seized properties

Some 60 confiscated properties totalling 66 million dinars (MD) have been sold by the National Commission of Management of Assets and Funds Subject to Confiscation, Minister of Finance Ridha Chalghoum announced on Saturday.

Speaking at a plenary session devoted to the review of the budget of the Ministry of Finance for the year 2018, he added that 22 companies confiscated and managed by “Al Karama Holding” will be sold before the end of 2017.

Chalghoum said the commission has divested three state holdings in three companies for $ 100 million, saying it is planned to schedule and monitor the sale of more than 22 companies confiscated and managed by “Al Karama Holding”.

He announced the lifting of the legal administrator of more than 30 confiscated companies and the designation of structures in charge of the management of newly confiscated property in anticipation of their sale, indicating that the value of the confiscated property will reach 500 MD.

The Minister of Finance also stressed that the tender for the sale of confiscated cars will be published before the end of 2017 after the publication of the first call for tender in August 2017.

Source: TAP News Agency

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