Ennakl Automobiles has shown it is possible to dual list in
the Maghreb issuers just have to work around the rules
that normally prevent it.
The Tunisian car dealership is the first to list on two
exchanges in the north African region, offering 30% of its
capital on the Bourse de Tunis and 10% on the Bourse de
Casablanca to raise TND 128 million ($88 million).
The regions strict foreign exchange controls typically
prevent this, and attempts by other companies have failed under
the countries fiscal...