Tunisian Group SFBT Honored in Paris for Financial Excellence and Governance

Tunis, Tunisia – The SFBT Group, a prominent Tunisian industrial entity, has been honored at a ceremony hosted by Euronext in Paris, recognizing its robust financial standing and exemplary corporate governance. The distinction, awarded by COFICERT, acknowledges the company's consistent adherence to international standards and its sustained economic performance.

The ceremony, held on June 25, marked a significant moment for Tunisian industry on the global stage. SFBT was singled out for its rigorous management and transparent operational model. This recognition is built upon a foundation of 18 years of uninterrupted compliance with the MSI 20000® international standard, which focuses on the reliability and transparency of financial information. Since 2020, the group has consistently achieved performance scores well above the certification thresholds.

Elyes Fakhfakh, the CEO of SFBT Group, was the sole business leader invited to speak at the event. He stated, "I see this not only as a recognition of the performance of the SFBT Group, which I have the honor to lead, but also of the ability of Tunisian companies to evolve according to the best international standards of governance, transparency, and sustainable performance." His remarks underscored the broader implications of SFBT's achievement for Tunisian businesses aiming for global competitiveness.

SFBT, listed on the Tunis Stock Exchange since 1990, has positioned itself as a key player in the region. The company voluntarily pursued MSI 20000® certification in 2008, following the financial crisis, as a strategic move to bolster market confidence. This initiative has made SFBT the first certified institution in Tunisia and the Maghreb, and one of the earliest listed companies in the MENA region to adopt such rigorous standards, marking it as a pioneer in Africa.

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I see this not only as a recognition of the performance of the SFBT Group, which I have the honor to lead, but also of the ability of Tunisian companies to evolve according to the best international standards of governance, transparency, and sustainable performance.