What Tunisie Valeurs does

Tunisie Valeurs is a Tunis-domiciled, BVMT-licensed brokerage and asset management firm founded in 1991 and listed on the Tunis Stock Exchange under the ticker TVAL following its 2018 IPO. The company operates two client segments: individuals and liberal professionals using self-directed (Gestion Libre) and managed (Gestion sous mandat) accounts, and corporates and institutions using corporate finance advisory, treasury securities, and cash management services. Its revenue model combines transaction-based brokerage commissions (0.80% per trade), recurring account maintenance fees (0.20-0.30% annually with floors and caps in TND), asset-based management fees across 17+ UCITS vehicles, performance-linked CEA management fees (1% plus 10% of returns above the TMM benchmark), and episodic corporate finance advisory income.

The firm's technology stack is anchored by two proprietary channels: Tval Trade, a 24/7 web-based electronic trading platform accessible from PC/MAC with 8 standard technical indicators (Bollinger Bands, RSI, MFI, Moving Averages, etc.) and multiple order types; and Tval Mobile, a smartphone and tablet application. Back-office operations run on the Valorix information system, with KYC/AML compliance software added in 2019 and full online account opening with electronic signature launched in 2020. Since 2020, Tunisie Valeurs has operated as a majority-owned subsidiary of BIAT, one of Tunisia's largest banking groups, which provides institutional distribution and has produced several BIAT-branded funds in the product lineup. The firm holds BVMT approval, Treasury Securities Specialist accreditation (1999), FATCA registration, and AML 30001 certification (2025), and operates 8 branches across Tunisia with 120 professionals.

Name

Tunisie Valeurs

Legal name

Tunisie Valeurs

Website

https://tunisievaleurs.com

Company type

Public

Founded year

1991

Operating status

Operating

Headcount range

101–250 employees

Short description

Tunisie Valeurs is a Tunisian BVMT-licensed brokerage and asset management firm, founded 1991 and majority-owned by BIAT since 2020, serving individuals and corporates with proprietary Tval Trade/Mobile platforms, 17+ UCITS funds, CEA accounts, and corporate finance advisory.

Ownership category

akta.pro rank

Headquarters

HQ city

Tunis

HQ country

Tunisia

HQ region

Africa

Offices9 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Brokerage Commissions: Transaction-based fees charged on securities trading. Brokerage fee of 0.80% per transaction plus VAT and CTB fees.
2. Account Management Fees: Annual fees for account maintenance: 0.20% (min 40 DT, max 300 DT) for individual/joint accounts, 0.30% (min 40 DT) for CEA accounts, payable per semester.
3. CEA Management Fees: 1% management fee (min 40 DT) plus 10% HT of returns exceeding TMM benchmark for managed CEA accounts.
4. Asset Management (OPCVM/UCITS): Management fees from managing various mutual funds including bond UCITS, mixed UCITS, and CEA-dedicated funds.
5. Corporate Finance Advisory: Fees from advisory services including company evaluations, M&A, privatizations, IPOs, bond issuances, and restructuring.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Tunisie Valeurs is a Tunisian stock exchange intermediary and asset manager that provides securities brokerage on the Tunis Stock Exchange, manages a portfolio of bond, mixed, and equity UCITS/OPCVM mutual funds, and offers discretionary portfolio management (Gestion Libre and Gestion sous mandat). The company also delivers corporate finance advisory services including valuations, M&A, IPOs, and bond issuances, and acts as a Treasury Securities Specialist (Primary Dealer). It distributes these services through 8 physical branches and proprietary digital platforms (Tval Trade web and Tval Mobile).

Product overview

Tunisie Valeurs is a financial services company offering a comprehensive suite of investment products and services. The core offering includes two digital platforms: Tval Trade (web-based electronic trading platform) and Tval Mobile (iOS/Android mobile app) for account management and trading. Investment management services span two formulas: Gestion Libre (self-directed) and Gestion sous mandat (professionally managed). The product portfolio includes 5 bond UCITS (Tunisie Sicav, Sicav Plus, Sicav Entreprise, Sicav Trésor, Sicav Patrimoine Obligataire), 9 mixed UCITS (including FCP Valeurs Al Kaouther for Islamic finance, Stratégie High Yield Sicav, FCP Valeurs Institutionnel, Sicav Prosperity, FCP BIAT Equity Performance, FCP Valeurs Sérénité 2028 with capital guarantee), and 3 CEA-dedicated equity funds (FCP Valeurs CEA, FCP BIAT Epargne Actions, FCP BIAT CEA PNT Tunisair). Additional services include Corporate Finance Advisory for M&A, IPOs, and business valuations, plus Treasury Securities Specialist services.

Differentiator

Problem solved

Functional benefit

Brands

• TVAL Trade: Electronic trading platform accessible from computer (PC & MAC) allowing 24/7 account access
• TVAL Mobile
• Valorix

Products and services

• Tunisie Sicav Bond unit trust (UCITS/OPCVM) investing in fixed income securities; first bond UCITS launched by Tunisie Valeurs in 1992.
• Sicav Plus Mixed bond and equity UCITS offering capital security with attractive returns through expected capital gains; medium risk profile.
• Sicav Entreprise Bond UCITS designed for corporate treasury optimization.
• Sicav Trésor Bond UCITS investing in Treasury securities for institutional cash management.
• Sicav Patrimoine Obligataire Bond UCITS focused on capital preservation through fixed income investments.
• FCP Valeurs Al Kaouther Sharia-compliant mixed fund for natural and legal persons seeking Islamic finance compliance with collective management advantages; high risk profile.
• Stratégie Actions Sicav Mixed UCITS implementing a stock market performance strategy with at least 60% allocation to listed equities.
• Stratégie High Yield Sicav High-yield equity strategy mixed UCITS with minimum 60% in listed equities and remainder in Treasury bonds; distribution fund with tax exemptions.
• FCP Valeurs Mixtes Mixed UCITS combining equities and bonds for a balanced portfolio approach.
• FCP Valeurs Institutionnel Mixed UCITS targeted at professional and institutional investors.
• FCP Valeurs Institutionnel II Second institutional mixed UCITS for professional portfolio management.
• Sicav Prosperity Mixed distribution UCITS focused on growth and income generation.
• SICAV Opportunity Mixed UCITS targeting opportunistic investment returns.
• FCP BIAT Equity Performance Equity-focused mixed UCITS under BIAT Group partnership for performance-driven returns.
• FCP Valeurs Sérénité 2028 Capital-guaranteed mixed UCITS (80% fixed income / 20% equities) with 5-year duration, death/disability insurance, and NAV guarantee at nominal price.
• FCP Valeurs CEA CEA-dedicated mixed UCITS with minimum 80% equities allocation and tax-exempt capital gains for individual CEA account holders.
• FCP BIAT Epargne Actions CEA-dedicated mixed distribution UCITS with optimized tax treatment and minimum 80% equities allocation.
• FCP BIAT CEA PNT Tunisair Capitalization UCITS exclusively for Tunisair cabin crew holding CEA accounts; minimum 80% equities with tax exemptions.
• Gestion Libre (Self-Directed Management) Self-directed investment service giving clients direct access to securities accounts, equity savings accounts (CEA), and treasury accounts for autonomous portfolio management.
• Gestion sous mandat (Discretionary Management) Discretionary (mandate-based) portfolio management service with dedicated private management accounts (CGP) and managed CEA accounts; 1% management fee plus 10% HT of returns above the TMM benchmark.
• Corporate Finance Advisory Financial advisory services for companies covering business valuations, M&A, privatizations, sales, fundraising, IPOs, bond issuances, and family business transfers.
• Treasury Securities Services (Spécialiste en Valeurs du Trésor) Primary Dealer services for Treasury securities trading and intermediation in Tunisian government bonds, held since obtaining the Specialist accreditation in 1999.
• Securities Account Brokerage (Compte Titres) Brokerage service for buying and selling listed securities on the Tunis Stock Exchange through securities (Compte Titres) accounts; brokerage fee of 0.80% per transaction plus VAT and CTB.

Quantifiable outcome

• Tax savings of up to 55% (up to 40,000 TND per year) through CEA accounts
• +1 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• CI Capital (Egypt): Egyptian financial group offering brokerage, asset management, and investment banking. Comparable as an emerging-market intermediary with a similar business mix and a regional growth mandate.
• Mubasher (MENA fintech): Regional MENA financial platform offering market data, trading, and research coverage of MENA exchanges including Tunisia. Comparable as a regional emerging player addressing the same investor base via digital channels.

Direct peers

• STB Finance: Brokerage and asset management arm of Société Tunisienne de Banque. Comparable as a bank-affiliated Tunisian intermediary competing on BVMT intermediation and UCITS distribution.
• AFC (Arab Financial Consultants): One of the long-standing Tunisian stock exchange intermediaries providing brokerage, asset management, and advisory services. Directly comparable in scale, product mix, and target market.
• Amen Capital: Tunisian broker and asset manager affiliated with Amen Bank, offering UCITS, brokerage, and corporate finance. Comparable as a bank-affiliated Tunisian intermediary with overlapping distribution.
• BIAT Capital: Sister company within BIAT Group offering brokerage, asset management, and corporate finance advisory in Tunisia. Most directly comparable peer because of overlapping product set and shared parent ownership.
• Tuninvest Finance: Tunisian broker-dealer and asset manager with similar mix of intermediation, UCITS, and advisory activities; competes in the same BVMT intermediation and corporate finance space.

Regional players

• BMCE Capital (Bank of Africa): Brokerage and asset management arm of Bank of Africa group. Comparable regional peer offering brokerage, asset management, and corporate finance across multiple African markets.
• Attijari Intermédiation: Brokerage arm of Morocco's Attijariwafa Bank group, operating across North and West Africa. Comparable as a regional bank-affiliated intermediary with multi-country distribution and similar product set.

Broad incumbents

• EFG Hermes: Leading MENA investment bank with brokerage, asset management, and corporate finance advisory. Comparable as a larger incumbent offering the same product set across emerging MENA markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/TunisieValeurs
• YouTubeyoutube.com/channel/UChbpaRBKIkEPcOnCNRv__xA
• Facebookfacebook.com/TunisieValeurs.PageOfficielle
• LinkedInlinkedin.com/company/tunisie-valeurs
• Instagraminstagram.com/tunisie.valeurs

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tunisie Valeurs