Ekuity Capital formerly known as the Tunisian-Kuwaiti Consortium of Development (CTKD), was established in 1976 as a joint venture between Kuwait Investment Authority (’’KIA’’) the sovereign wealth fund of the State of Kuwait, the Tunisian Government and the Tunisian private sector in order to promote the Tunisian hospitality and tourism sector.
Headquartered in Tunis, CTKD’s initial core business consisted of the management of the Abou Nawas Hotels. Launched in 1980, the hotel chain quickly grew to reach 18 hotel units and gained tremendous praise for its hotel management practices.
Over the last couple of decades, the Tunisian economy underwent various changes with a clear slowdown witnessed within the tourism sector which led CTKD to reach another milestone by diversifying and expanding its activities to other sectors. This was reinforced through KIA’s allocation of additional funds to be deployed in the Tunisian economy and making CTKD its sole investment arm in Tunisia.
Today, we renew our trust in the future of Tunisia and continue to believe in its potential. In order to do so, the company has adopted a new strategic direction along with a new identity: Ekuity Capital. With this new identity, we add another chapter to our history while remaining committed to creating sustainable value and playing a vital role within the economy.
Ekuity Capital is now considered to be one of the largest diversified investment institutions in Tunisia. Its strategy is to create a portfolio of companies with a primary focus on financial services, real estate, manufacturing, food & agribusiness, Telecom, Media and Technology (TMT), retail and other services.
Ekuity Capital’s first and foremost objective is to create value by developing assets over the long term, by actively encouraging companies to make investments that drive organic growth and profitability and by providing support for their acquisitions. Ekuity Capital has currently significant ownership interests in a portfolio of over 20 companies.
Understanding how a business responds to economic shifts is more important than ever in a time when global and national economies are witnessing drastic structural changes. We are living in a world with rapid change that requires us to be more skilled, more proactive and more open to new ideas while adhering to our values and not forgetting our identity and roots.
Ekuity Capital (formerly known as the Tunisian-Kuwaiti Consortium of Development – CTKD), one of Tunisia’s leading investment institutions, founded 43 years ago, operating initially in the tourism sector through its hotel chain Abou Nawas, has updated its strategy in response to the changing economic climate in Tunisia.
Throughout its history, the company has maintained its status as a responsible shareholder and has committed itself to apply high governance standards according to international best practices.
Ekuity Capital has a long-established tradition of supporting the Tunisian economy, by diversifying its business portfolio across several sectors and enlarging its sphere of investments to include financial services, manufacturing, agribusiness and real estate. Ekuity Capital continues to participate in the development of local businesses thus stimulating the Tunisian economy.
A comprehensive understanding of the economic changes in Tunisia as well as the determination to offer efficient investment is at the core of Ekuity Capital’s new business plan. Our investment institution capitalizes on our strategic adaptability, integrity and creativity on order to bring added value to various sectors in the country. It’s not just about our shareholders and investments; it’s also about external factors that influence global economics, trade and politics, diversity and sustainability. Furthermore, we aim to help establish a positive social climate and offer Tunisians valuable employment opportunities.
Building on a rich experience and a solid expertise in investments, Ekuity Capital is now better equipped to meet economic challenges.