Aabed Al Zeera, IBB's Chief Executive Officer and ARTES Board Member, "Last year was a particularly challenging year given the aftermath of the financial crisis, the continuous downturn in the world economy and the Euro Zone predicament which have all adversely affected investors' confidence.
9 per cent and Nissan which a somewhat smaller market share, ARTES was able to record steady sales and revenue throughout the year.
IIB and its investors acquired the equity stake in ARTES in March 2008 and it was IIB's first investment both in Tunisia and in the car distribution sector.
The ARTES IPO was one of the largest in Tunisia and was over subscribed more than 10 times.
As a natural outcome of the strong operating growth, ARTES has delivered steady dividends over the last three years," said IIB chief executive officer Aabed Al Zeera.
Today, ARTES exhibits a significant, robust and increasing car market share in Tunisia.
Aabed Al Zeera stated: "As a natural outcome of the strong operating growth, ARTES has delivered steady dividends over the last three years.